By Rocky Swift
TOKYO, May 7 (Reuters) – Japan’s Nikkei share average shot to a record high on Thursday as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.
The benchmark Nikkei 225 Index rose 3.38% to an all-time high of 61,523.36 in early trading. The broader Topix climbed 2.02% to 3,803.95.
Japan’s markets are also responding to a stronger yen since the last trading day on Friday, following bouts of suspected intervention by Tokyo to bolster the currency.
Wall Street indexes hit record highs overnight as positive results from Advanced Micro Devices propelled euphoria over the red-hot artificial intelligence sector. Iran said it is reviewing a U.S. proposal to end the more than two-month war, while President Donald Trump said the U.S. has had very good talks with Tehran.
(Reporting by Rocky Swift in TokyoEditing by Shri Navaratnam)
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