Japanese stocks are set to surge as markets reopen from holidays, as investors catch up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.
Nikkei 225 Stock Average futures expiring in June on the Chicago Mercantile Exchange traded at 61,920 as of 8:12 a.m. in Tokyo. The underlying index closed at 59,513.12 on May 1 before the Golden Week holiday. Oil steadied after plunging 7% in the previous session.
