Nikkei closes above 70,000 and KOSPI eclipses 9,000 for first time
Markets
US-Iran deal buoys hopes globally and eases inflation concerns
Stock markets in Japan and South Korea closed at record highs on June 18, buoyed by the signing of a deal to end the war in Iran and AI-fueled optimism. (Nikkei montage)
AKANE OKUTSU and KIM JAEWON
TOKYO — Japanese and South Korean stocks hit new milestones on Thursday, with trading fueled by investor enthusiasm for artificial intelligence, hopes over the U.S.-Iran peace deal and comfort with the Bank of Japan’s gradual normalization path.
