Tokyo, May 22 (Jiji Press)--Japan's benchmark Nikkei 225 stock average briefly gained more than 1,300 points in morning trading Friday as high-tech names were bought aggressively amid expectations for an end to the conflict between the United States and Iran. At 11:04 a.m. the index of 225 selected issues listed on the Tokyo Stock Exchange's Prime section rose 1,384.18 points, or 2.24 pct, from Thursday's closing to stand at 63,068.32. Crude oil prices fell in U.S. trading overnight on speculation about progress in talks between the United States and Iran to end their fighting. Major U.S. stock indexes closed higher. Following this, artificial intelligence-related names were bought in the Tokyo market. The Nikkei average posted larger gains as SoftBank Group shares continued their sharp rise following a surge in the stock price of one of its portfolio companies. END [Copyright The Jiji Press, Ltd.]
Nikkei Average Rises over 1,300 Points in Morning
Tokyo, May 22 (Jiji Press)--Japan's benchmark Nikkei 225 stock average briefly gained more than 1,300 points in morning trading Friday as high-tech names were bought aggressively amid expectations for an end to the conflict between the United States and Iran. At 11:04 a.m.
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