Trump's troop withdrawal signals send positive news; Nikkei Index surges 4%

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Golden Finance reported that on April 1, stock markets in Japan jumped back as soon as possible after Trump hinted that the U.S. would end the war with Iran within the next three weeks. In addition, Japan’s Tankan business survey results came in better than expected, which also boosted market sentiment. The Nikkei 225 index rose as much as 4% in Tokyo, while the broader TOPIX index saw a maximum gain of 3.8%. Before this, the two major benchmark indexes had just gone through their worst-performing March in 18 years. The biggest drivers for the TOPIX index were electronics and bank stocks; Kioxia Holdings, Fujikura, and Rohm Semiconductor were among the best-performing individual stocks in the Nikkei index. Hiroshi Namioka, chief strategist at T&D Asset Management, said: “There is now a reasonable possibility that the U.S. will withdraw its forces from Iran.” He believes this helps improve market sentiment, but he also noted that “it is currently difficult to make a real bet in any regard.” (Jin 10)

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