Kathmandu. There have been mixed reports about the US-Iran war. While there are reports of a peace deal between the two countries soon, Donald Trump is also threatening to attack Iran if it does not follow its terms.
Meanwhile, Asian stock markets are in the green. Japan’s stock market, in particular, has made history. Japan’s Nikkei rose a record-breaking 3397 points to 62,000 points for the first time in history.
The Nikkei made a sensation as soon as the Japanese stock market opened on Thursday. The Nikkei Index, which opened at 59513.12 on the previous trading day, crossed its historical high of 62241.31. Shortly after, it rose 5.80 percent to a high of 62922.
There are many reasons why the Japanese stock market is rising. The strongest reason is that the Japanese currency, the yen, has led to a sharp rise in Japanese government bonds (JGB). This has supported the stock market. The yen was trading at 156.33 against the dollar. It remained largely stable a day after hitting a 10-week high of 155.
In addition, hopes for peace between the US and Iran have boosted Asian markets, including Japan. Iran says it is reviewing a US proposal to end the war that has lasted more than two months. President Donald Trump has said that the US has had a very good conversation with Tehran. –Agency
