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Stock impact report

Japan's Nikkei Closes at Record High, Wiping Out Iran War Losses [Yahoo! Finance Canada]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
The blue-chip index rose 2.4% to 59,518.34 as of market close in Tokyo, above the all-time peak of 58,850.27 marked on Feb. 27. The broader Topix climbed 1.2%. Export-related stocks including the automotive, electronics and information technology sectors performed well, while real estate and food shares retreated. Markets globally are within reach of recovering to pre-war levels. The S&P 500 and Nasdaq 100 indexes both ended at record highs. This comes as the US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a deal, Bloomberg reported. “The Nikkei's move to fresh highs likely reflects that Japanese equities are shifting toward a ‘new normal',” said Tsuyoshi Shimizu, chief market analyst at Asset Management One Co. “Unless US–Iran negotiations break down, the Topix is also likely to reach new highs going forward.” Read: US, Iran Weigh Truce Extension With Hormuz Still Shuttered The Nikkei is just 0.8% away from the 60,000 milestone eyed Show less Read more
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