The Japanese stock market rallied as concerns about the further escalation of the Iran conflict abated temporarily. Aviation and automotive stocks led the way. Japan Airlines is up 4.2%, while automaker Subaru is up 2.8%. Investors are keeping a close eye on crude oil prices after US President Trump postponed a major escalation of military action against Iran. The Nikkei Index rose 0.4% to 64,859.12 points.

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