Japan stocks rose more than 5% on Thursday, with the benchmark Nikkei 225 hitting 62,000 for the first time as Asia-Pacific markets rallied despite renewed tensions in the Middle East.
Shares in SoftBank Group soared 16.5% amid renewed AI optimism. Chip-testing equipment maker Advantest rose nearly 7.8%, while semiconductor equipment supplier Tokyo Electron surged 9.2%.
Trump said Iran will be bombed "at a much higher level" if no deal is struck. Axios' report said the terms include Iran nuclear enrichment freeze, US sanction removal and free passages through the Strait of Hormuz.
China pressed Iran to pursue a diplomatic resolution to the Middle East conflict and refrain from resuming hostilities, as Beijing seeks to cement its position as a key mediator ahead of a high-stakes summit with Trump.
Japan's equity markets are attracting their biggest wave of foreign capital in over a decade, with BofA Global Research and EPFR data, matching levels last seen during the Abenomics-driven euphoria.
The move was driven by a weaker yen, continued corporate governance reforms pushing companies to improve shareholder returns, and a broader global rotation away from US assets.
The Nikkei was about to enter the overbought area, so the physiological level of 63,000 could act as a firm resistance. The upside room seems limited in the short term.
Asset recap
As of market close on 6 May, among EBC major products, AMD shares led gains after beating Wall Street's earnings and revenue estimates. The semiconductor manufacturer also topped forecasts for its Q2 guidance.
Suncor Energy posted record oil output and earnings beat, but the shares slid on profit-taking. Oil prices took a heavy blow on hopes that the US and Iran would soon reach a peace deal.
French manufacturing output and new orders rose in April as customers sped up purchases due to inflationary pressures. The CAC 40 returned to the positive territory for the year.
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