Nikkei Rises on Reports of US-Iran Ceasefire Deal

According to the Central News Agency, Tokyo, May 29. The Tokyo Stock Price Index (TOPIX) rose today, marking its fifth consecutive week of gains, the longest winning streak in about a year. This rally was primarily driven by reports of a preliminary agreement between the US and Iran to extend a ceasefire, which boosted electronics and technology stocks. The benchmark Nikkei 225 index rose 1,636.38 points, or 2.53%, to close at 66,329.50. The TOPIX index rose 55.16 points, or 1.41%, to close at 3,957.17.