Japan's Nikkei stock index surged more than 5% in Monday morning trading, hitting a record intraday high above 69,000 points. The rally came as investor sentiment improved sharply following announcements from both the US and Iran that they had reached a memorandum to end the war.
According to market sources, the deal between the two countries is expected to ease geopolitical tensions in the Middle East, which had weighed on oil prices and risk assets in recent months. Investors rushed to buy Japanese stocks, particularly in export and energy sectors, buoyed by the prospect of peace.
This marks the strongest single-session gain for the Nikkei since early 2026, reflecting a sudden wave of optimism as tensions between Washington and Tehran show clear signs of cooling. Analysts say the agreement could pave the way for more stable trade and investment activity in the region.