Japanese Stocks Jump on US-Iran Deal Hopes, Tech Gains

Japanese stocks surge as markets reopen after a holiday break, with investors catching up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.

The tech-heavy Nikkei 225 Stock Average advanced as much as 4% to 61,902.23. The broader Topix Index rose as much as 2.1% to 3,806.81. Oil steadied after plunging 7% in the previous session.