President Trump's Iran Threats Overlooked as Nikkei 225 Reaches Record High
The Nikkei 225 index in Japan surged past 62,000 for the first time, marking a significant milestone as Asia-Pacific markets rallied despite heightened tensions in the Middle East. This rise was driven by gains in sectors such as basic materials, technology, and financial stocks. Notably, Softbank shares increased by over 18%, while other companies like Ibiden and Sumco Corp also saw substantial gains. This market movement occurred after President Trump issued a warning to Iran, threatening higher-level bombings if a peace deal was not reached. Despite these geopolitical tensions, the U.S. stock market also experienced gains, with the S&P 500 and Nasdaq Composite reaching new highs.