The Nikkei index rose by 4.0%, with chip-related stocks leading the gains.

Boosted by optimism over the peace agreement between the US and Iran, the Japanese stock market rose in early trading. Chip-related stocks led the gains, with Tokyo Electronics rising 11% and Advantest up 8.2%. Investors are closely watching the situation regarding the Iran conflict after US President Trump indicated that the US is close to reaching a peace agreement with Iran. The Nikkei index rose by 4.0% to 66784.49 points.