Japanese Shares Gain on Trump Announcement
2026-03-24 00:30
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index jumped 1.9% to around 52,500, while the broader Topix Index climbed 2.5% to 3,570 on Tuesday, snapping a sharp two-day selloff after President Donald Trump announced a five-day delay in planned strikes on Iranian energy infrastructure and said productive talks with the country are ongoing.
Oil benchmarks plunged about 10% following the announcement, easing inflation concerns and boosting equities globally.
In Japan, data showed core inflation rose 1.6% in February, the smallest increase since March 2022 amid government efforts to ease living costs, though rising energy prices from the Iran war could push inflation higher in the coming months.
Tech stocks led the rebound, with notable gains from Kioxia Holdings (2.8%), Fujikura (5.7%), Advantest (1.7%), Disco Corp (4.3%), and SoftBank Group (2.8%).
Banks and automakers also posted strong gains.