Nikkei 225 Closes Up 821 Points or 1.4%, Hits Intraday Record High; Semiconductor Stocks Sought After

Japanese equities rose after Iran proposed to the United States a plan to end the war and reopen the Strait of Hormuz, prompting investors to buy index futures. Gains in US semiconductor stocks last Fri (24th) also lifted related shares.The Nikkei 225 opened up 164 points and extended gains, once rising 1,187 points to a record high of 60,903. It closed up 821 points, or 1.4%, at 60,537.Among tech stocks, SoftBank (9984.JP) reversed to fall 2%, while Raytio Photonics (6920.JP) rose 1.6%. Kioxia (285A.JP) and Tokyo Electron (8035.JP) gained 2.6% and 2.7%, respectively. Disco (6146.JP), SUMCO (3436.JP) and Advantest (6857.JP) advanced 6% to 7%. In fiber-related shares, Furukawa Electric (5801.JP) slipped 0.8%, while Fujikura (5803.JP) climbed 5.1%. Robot maker FANUC (6954.JP) reported a 19% increase in quarterly orders, with its shares surging 16% to the daily limit. Peer Yaskawa Electric (6506.JP) rose 6.1%.Shipping stocks Nippon Yusen (9101.JP), Mitsui O.S.K. Lines (9104.JP) and Kawasaki Kisen (9107.JP) fell 3.9% to 5.7%. Oil producer Inpex (1605.JP) declined 3.5%, while JX Advanced Metals (5016.JP) rose 5.1%. Mitsubishi Corp (8058.JP) dropped 2.8%. Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) fell 2.6% and 3.1%, respectively.Among other stocks, Panasonic (6752.JP) gained 7.8%, Hitachi (6501.JP) and Mizuho Financial (8411.JP) rose 2.4% and 2.7%, respectively, and Fast Retailing (9983.JP) added 2.5%.USD/JPY was quoted at 159.27. (fc/u)AASTOCKS Financial NewsWebsite: www.aastocks.comThis article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.AASTOCKS Financial News