Nikkei index rises over 4% due to potential US-Iran agreement
The Nikkei share index saw a significant gain of over 4% due to a potential deal between the US and Iran.
Technology shares led the Nikkei’s gain, with other markets such as South Korea’s Kospi also seeing an increase of 8%.
The proposed deal includes a 60+ day ceasefire, reopening of the Hormuz within 30 days, and phased sanctions relief, with nuclear negotiations set to continue.