New Delhi, May 7 -- Japanese stocks rose sharply on Thursday, 7 May, as trading resumed after a holiday pause, with investors enthusiastic about the global upswing, driven by expectations of a potential agreement between the US and Iran and strong growth in technology shares.

The Nikkei 225 soared by 5.58% to finish at 62,834, reaching a new record high due to widespread purchasing activity in semiconductor and AI-related companies. The rise was driven by Softbank (18.44%), Mitsui Mining & Smelting (17.05%), and Seiko Epson (15.16%).

Investor confidence received a boost from impressive earnings reports from leading global tech firms, which heightened optimism about artificial intelligence and propelled gains in semiconductor-related sto...