Japan’s Nikkei 225 tops 65,000 for first time as oil falls on Hormuz reopening hopes
SkimNews Take
A decline in oil prices, often a sign of economic weakness, here instead signals a geopolitical de-escalation that could boost global trade and stimulate energy-importing economies like Japan.
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- Nikkei 225 closed at 65,158.19, up 2.87%, marking its first breach of the 65,000 level.
- Trump posted on Truth Social that Iran negotiations are proceeding in an orderly and constructive manner and urged representatives not to rush a deal, a statement that coincided with a sharp oil price decline.
- West Texas Intermediate crude fell 4.71% to $92.06 per barrel and Brent fell 4.42% to $98.96 per barrel after the Trump comment.
- Topix added 1.29% to 3,942.57 as other Asian gauges—Taiwan's Taiex (+3.26%), Australia's S&P/ASX 200 (+0.40%), China's CSI 300 (+1.58%), India's Nifty 50 (+1.09%)—also rose, reflecting broad optimism.
Why it matters: Japanese investors gain from the Nikkei’s record surge, while oil exporters see revenue dip as prices tumble 4‑5%; the rally fuels risk‑on sentiment across Asia, boosting capital inflows.
