Nikkei Index rises by 3.5%, with chip and bank stocks leading the gains.
Due to the optimistic sentiment that the war with Iran may soon come to an end, the Japanese stock market generally rose in early trading. Chip and bank stocks led the gains, with Kamen Rider up 8.4% and Mizuho Financial Group up 5.5%. Investors are closely monitoring the developments in the Middle East and their impact on energy prices after US President Trump announced that the US will withdraw from Iran in two to three weeks. The Nikkei index rose 3.5% to 52,857.15 points.
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