{"id":779247,"date":"2026-05-07T08:47:16","date_gmt":"2026-05-07T08:47:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/779247\/"},"modified":"2026-05-07T08:47:16","modified_gmt":"2026-05-07T08:47:16","slug":"tokyos-nikkei-225-jumps-nearly-6-on-hopes-for-reopening-the-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/779247\/","title":{"rendered":"Tokyo’s Nikkei 225 jumps nearly 6% on hopes for reopening the Strait of Hormuz"},"content":{"rendered":"

World shares jumped on Thursday, with Tokyo\u2019s Nikkei 225 gaining almost 6% to a new record as investors waited to see if the U.S. and Iran<\/a> will strike a deal allowing tankers to deliver crude from the Persian Gulf again.<\/p>\n

Japan\u2019s benchmark Nikkei 225 index jumped more than 3,300 points to 63,086.00 as markets in Tokyo reopened following \u201cGolden Week\u201d holidays. <\/p>\n

In early European trading, Germany\u2019s DAX edged 0.2% higher to 24,988.08 and the CAC 40 in Paris was up 0.3% at 8,325.55. Britain\u2019s FTSE 100 slipped 0.3% to 10,411.19.<\/p>\n

The future for the S&P 500 was up 0.1% while that for the Dow Jones Industrial Average climbed 0.3%. <\/p>\n

Japan\u2019s Nikkei 225 has gained nearly 20% in the past three months and more than 70% in the past year, pushed higher by strong buying of tech shares that have benefited from the boom in artificial intelligence.<\/p>\n

Computer chip equipment maker Tokyo Electron gained 9% and testing equipment maker Advantest Corp. added 6.8%. Shin-Etsu Chemican gained 8.5%. <\/p>\n

\u201cI think it\u2019s a kind of bubble because buying activity concentrated on leading AI, artificial intelligence stock and semiconductor-related stocks. It\u2019s a situation where only semiconductor stocks are being bought,\u201d said Takashi Hiroki, chief strategist at MONEX.<\/p>\n

Elsewhere in Asia, the Hang Seng in Hong Kong gained 1.7% to 26,668.37. <\/p>\n

The S&P\/ASX 200 in Australia was up 0.8% at 8,862.40. <\/p>\n

In South Korea, the Kospi reversed early losses, gaining 1.4% to 7,490.05, the second straight day it has closed at a record high. The benchmark jumped nearly 7% on Wednesday to barrel past 7,000 for the first time.<\/p>\n

Taiwan\u2019s Taiex surged 1.9%, lifted by a 3.1% gain for big computer chipmaker TSMC. <\/p>\n

On Wednesday, markets rallied worldwide after President Donald Trump said the Strait of Hormuz could be \u201cOPEN TO ALL\u201d if Iran accepts a reported agreement that the U.S. president did not detail.<\/p>\n

Oil prices fell nearly 8% and the S&P 500 climbed 1.5% for its best day in nearly a month, setting a fresh record. The Dow industrials jumped 1.2%, and the Nasdaq composite rose 2%. <\/p>\n

However, optimism was tempered by continuing tensions.<\/a> The U.S. military fired on an Iranian oil tanker Wednesday as President Donald Trump sought to pressure Tehran into reaching a deal to end the war. The military said in a social media post that a fighter jet shot out the rudder of the tanker in the Gulf of Oman as the vessel tried to breach an American blockade of Iran\u2019s ports. <\/p>\n

Early Thursday in Asian trading, Brent crude oil yoyoed on Thursday, shedding early gains to fall 30 cents to $100.97 a barrel. Benchmark U.S. crude oil slipped 37 cents to $94.71 a barrel. <\/p>\n

Oil prices sank Wednesday and stock markets rallied worldwide on hopes that the United States and Iran were nearing a deal <\/a> to allow ships to deliver crude through the Strait of Hormuz.<\/p>\n

The price for a barrel of Brent crude oil, the international standard, fell 7.8% to $101.27, down from more than $115 early this week. But after dipping below $97 a barrel, it pushed back above $100 after Trump threatened to start bombing \u201cat a much higher level and intensity\u201d if Iran does not accept his proposed agreement. <\/p>\n

The effective closure of the strait due to the war threatens the global economy<\/a> because the conflict has blocked oil tankers from using it to exit the Persian Gulf. A reopening could allow oil to flow freely again and remove pressure on inflation that\u2019s driving prices up for all kinds of products <\/a> worldwide.<\/p>\n

U.S. stocks have remained resilient despite the war thanks partly to strong profit reports by big U.S. companies<\/a> for the start of 2026. <\/p>\n

Chipmaker AMD helped lead the market Wednesday with a surge of 18.6% after it joined the list of big-name companies topping expectations for both profit and revenue. <\/p>\n

In other dealings early Thursday, the U.S. dollar fell to 156.39 Japanese yen from 156.40 yen. The euro rose to $1.1752 from $1.1747.<\/p>\n","protected":false},"excerpt":{"rendered":"World shares jumped on Thursday, with Tokyo\u2019s Nikkei 225 gaining almost 6% to a new record as investors…\n","protected":false},"author":3,"featured_media":777472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[77073,64,69,79,10102,8309,439,57,83,3461,6087,53197,141631,16266,5503,296655,158,10855,67,132,68,107],"class_list":["post-779247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-advantest-corp","tag-business","tag-donald-trump","tag-economy","tag-energy-industry","tag-energy-markets","tag-financial-markets","tag-general-news","tag-iran","tag-iran-government","tag-iran-war","tag-oil-and-gas-industry","tag-persian-gulf","tag-stocks-and-bonds","tag-strait-of-hormuz","tag-takashi-hiroki","tag-technology","tag-tokyo","tag-united-states","tag-unitedstates","tag-us","tag-world-news"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116532428646210089","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/779247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=779247"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/779247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/777472"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=779247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=779247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=779247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}