Japan's Nikkei rises after Trump announces Iran-Israel ceasefire
TOKYO, June 24 (Reuters) - 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 .N225 added 1.4% to 38,898.68, while the broader Topix .TOPX 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 8035.T climbing 3.7% to boost the index the most.
Chip-testing equipment maker Advantest 6857.T rose 0.26% and technology investor SoftBank Group 9984.T advanced 3%.
Energy stocks fell as U.S. crude futures CLcv1 tumbled, with Inpex 1605.T falling 5% to be the worst percentage loser on the Nikkei. Oil refiner Idemitsu Kosan 5019.T slipped 0.49%.
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