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Japan’s Nikkei surges 4pc on hopes of US-Iran deal
A woman walks past an electronic quotation boards displaying the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on May 1, 2026. — AFP pic

TOKYO, May 7 — Japan’s Nikkei index of shares surged more than four per cent on Thursday on hopes of a deal between Iran and the United States and on the back of gains in tech stocks on Wall Street.

At 9.31am, the Nikkei 225 was up 4.1 per cent at 61,937.78 points. Investors were also closely watching the yen after speculation of intervention by the Japanese government to prop up the beleaguered currency. — AFP 

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