Nikkei 225 Jumps 3 Percent on Chip Rally and Iran Deal Hopes

Japan stock markets posted their sharpest daily gain in weeks as the Nikkei 225 climbed 3.34 percent to reach 66,090 points. Chip manufacturing giants led the advance across the region following a powerful overnight session on Wall Street. SoftBank Group jumped more than ten percent, while Tokyo Electron, Advantest, and Kioxia also posted solid gains. South Korean markets followed suit with strong rallies from SK Hynix and Samsung Electronics.

The positive market momentum also received support from easing energy concerns. Treasury Secretary Scott Bessent shared expectations for a diplomatic agreement to reopen the Strait of Hormuz, a critical shipping lane for global oil supplies. This news pushed crude oil prices lower, offering relief to energy dependent economies like Japan and South Korea.

Traders are now watching for official confirmation of the Strait of Hormuz agreement. Analysts suggest that the ongoing artificial intelligence memory supply chain momentum could sustain the recovery for Asian tech stocks if macroeconomic conditions remain stable.