Asian tech stocks surged Monday, as investors cheered Iran and the U.S. agreeing to a deal to end the Middle East conflict.
In Japan, the Nikkei 225 vaulted 3,297.46 points, or 5%, to close the week’s first session at 69,317.50.
Japanese tech investor SoftBank was the best performer among major tech stocks in Asia, rising over 12%. Tokyo Electron and Advantest added 9.19% and 7.69% respectively.
In Hong Kong, the Hang Seng surged 124.57 points, or 0.5%, to 24,842.67.
Memory chip behemoths and heavyweights on South Korea’s Kospi Index, Samsung Electronics and SK Hynix gained 4.65% and 6.42%, respectively.
Taiwan Semiconductor Manufacturing Co, or TSMC rose 2.16%, while Hon Hai Precision, also known as Foxconn, added 2.5%.
In other markets;
In Shanghai, the CSI 300 index jumped 114.39 points, or 2.4%, to 4,891.71.
In Taiwan, the Taiex spiked 1,227.95 points, or 2.8%, to 45,396.99
In Korea, the Kospi index gained 422.36 points, or 5.2%, to 8,545.98.
In Singapore, the Straits Times 50 index took on 51.49 points, or 1%, to 5,077.29.
In New Zealand, the NZX 50 defied the trend and lost 33.28 points, or 0.3%, to 13,360.59.
In Australia, the ASX added 109.07 points, or 1.3%, to 8,914.01.
