Shafaq News- Tokyo

Japan’s Nikkei rose about 1.3% to around 53,100 on Friday as hopes of reopening the Strait of Hormuz eased oil supply concerns linked to the US-Israeli war on Iran.

The broader Topix gained 1.1% to about 3,650, though the benchmark remained on track for a slight weekly decline.

Technology stocks led gains, with Advantest and Tokyo Electron rising about 1.9% and 1.5%, respectively.

Markets were supported by expectations that global efforts could restore oil flows through the Strait of Hormuz after US President Donald Trump signaled further strikes on Iran.

Japan’s economy remains vulnerable to oil price swings due to its reliance on imported energy. Expectations of reopening the Strait of Hormuz have weighed on crude prices in Tokyo, supporting equities, said Wataru Akiyama of Nomura Securities.

On the downside, Chugai Pharmaceutical fell about 4.1%, while Nitori Holdings dropped 3.5%.