Japan's Nikkei index climbs 3% as G-7 moves to stabilize oil
Business
Tokyo's Nikkei index shot up 3% on Tuesday, making a strong comeback after last session's drop.
The big boost came as G-7 countries moved to calm shaky oil markets, which have been rattled by tensions in the Middle East.
Investors seemed relieved, with the broader Topix index also climbing over 2%.
G-7 energy ministers to meet
Japan's finance minister shared that G-7 energy ministers are planning to meet and possibly release oil reserves to steady prices.
That news sent some stocks soaring: Lasertec jumped 10.7% and Fujikura rose 10%.
Meanwhile, US President Trump said he hopes for a quick end to the Middle East conflict, which could help settle things further.