economy

Japan's Nikkei 225 Tops 65,000 for First Time as Oil Falls on Hormuz Reopening Hopes

Japan's Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.

Japan's Nikkei 225 Tops 65,000 for First Time as Oil Falls on Hormuz Reopening Hopes

TL;DR

  • Japan's Nikkei 225 index surpassed 65,000 for the first time, reaching a record high.
  • Oil prices fell more than 5% following President Trump's comments on Iran negotiations and the Strait of Hormuz.
  • Taiwan's Taiex also achieved an all-time high, surpassing 43,000.
  • Other Asian markets like Australia, China, and India saw gains.
  • U.S. markets closed Friday with the Dow Jones, S&P 500, and Nasdaq all posting gains.

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