The Nikkei share average has taken a step back, losing momentum as optimism surrounding a US-Iran ceasefire began to dissipate. Investors, having experienced a significant surge in the previous session, are now adopting a more measured approach. The Nikkei’s decline of 0.4 percent, to 56,036.75 as of 02:00 GMT, threatens to end a four-session winning streak if the current trend continues. Meanwhile, the Topix index has also slipped 0.5 percent to 3,755.52. Overnight, Nikkei 225 Futures on the Chicago Mercantile Exchange briefly surpassed the 57,000 mark. Just a day prior, the Nikkei had surged 5.4 percent to its highest level in over a month, driven by hopes that the Strait of Hormuz would reopen following Trump’s agreement to a two-week ceasefire with Iran.
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