Tokyo's benchmark stock index, the Nikkei 225, reached a historic milestone this Monday by breaking the 65,000-point barrier for the first time. Market optimism was fueled by expectations of progress in diplomatic negotiations between the United States and Iran.
During trading, the index briefly surged by over 2,000 points (a 3.2% increase from Friday's close), setting a new intraday high. Right after the opening bell, a strong wave of buy orders swept the market, particularly for semiconductor-related stocks, reflecting the gains seen on Wall Street in the previous session.
Another contributing factor to this positive scenario was the drop in crude oil prices. In New York, benchmark WTI crude oil futures fell to the $91 per barrel range on Sunday, representing a decrease of roughly 5% compared to last week.
Crowning a day of records, the Nikkei index closed the session at 65,158 points, solidifying a nearly 3% gain from Friday and marking its highest closing level of all time.
