Japan's Nikkei rises after Trump announces Iran-Israel ceasefire

Japan's Nikkei share average rose more than 1% in early trade on Tuesday after U.S. President Donald Trump said Iran and Israel agreed to a ceasefire, boosting risk appetite.

As of 0017 GMT, the Nikkei added 1.4% to 38,898.68, while the broader Topix rose 1.18% to 2,793.66.

Trump said a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the 12-day conflict between the two nations, moments after both sides threatened new attacks.


Meanwhile, Japan's technology stocks led the gains on the Nikkei, with chip-making equipment maker Tokyo Electron climbing 3.7% to boost the index the most.

Chip-testing equipment maker Advantest rose 0.26% and technology investor SoftBank Group advanced 3%.

Energy stocks fell as U.S. crude futures tumbled, with Inpex falling 5% to be the worst percentage loser on the Nikkei. Oil refiner Idemitsu Kosan slipped 0.49%.