Nikkei Gains 1.5%, Led by Chip, Electronics Stocks
Japanese stocks are higher as fears about the Israel-Iran conflict ease following President Trump's comments that the two countries agreed to a cease-fire. Chip and other electronics stocks are leading gains. Lasertec is up 8.3%, Tokyo Electron Ltd. is 4.5% higher and Sony Group is up 3.6%. USD/JPY is at 145.77, down from 147.37 as of Monday's Tokyo stock market close. Investors are closely watching any developments in the Middle East and their implications for energy prices. The Nikkei Stock Average is up 1.5% at 38936.66.
Source: Newsmaker