FX.co ★ Japanese Shares Gain in Cautious Trade

The Nikkei 225 edged up 0.03% to close at 53,430, while the broader Topix rose 0.25% to 3,654 on Tuesday. Both indices, however, gave back most of their earlier gains as investors turned cautious ahead of President Donald Trump’s impending deadline for Iran to agree to a deal to reopen the Strait of Hormuz or face intensified attacks. Tehran rejected a US ceasefire proposal, insisting on an end to hostilities, the lifting of sanctions, and regional reconstruction as preconditions. In Japan, Prime Minister Sanae Takaichi said she plans to hold talks with Iran’s leader and conduct a separate call with Trump as part of efforts to find a path toward peace. Technology and financial stocks posted notable advances, including Kioxia Holdings (2.1%), Advantest (1.2%), Ibiden Co. (1.9%), Mitsubishi UFJ Financial Group (0.7%), and Sumitomo Mitsui Financial Group (0.7%).