The Nikkei index on the Tokyo Stock Exchange closed at above 65,000 points on May 17, marking the first time the benchmark has breached this key threshold. The rally was driven by expectations that the United States and Iran will soon reach a peace agreement to end the conflict in the Middle East.
Investor optimism propelled the Nikkei sharply higher during the session, breaking the historic 65,000-point level for the first time. Analysts said that a Middle East peace deal, if realized, would help stabilize energy markets and reduce geopolitical risks, providing a strong tailwind for Japanese equities.
Investors are closely monitoring diplomatic developments between the two sides, hoping that positive signals will continue to fuel the market's upward momentum in the coming sessions.
