Nikkei index rises by 0.7%, with chips and electronics stocks leading the gains.

The Japanese stock market rose in early trading as optimism about the US economic outlook offset concerns about the conflict in Iran. The Nikkei index rose 0.7% to 53,513.71 points. Following the strong job data announced by the US last Friday, chip and electronic stocks led the gains. Kyokuto Electric Industries rose 1.9% and Kinsho Corporation rose 2.0%. Investors are closely watching the developments in the Middle East as US President Trump threatened to destroy all of Iran's power plants if Iranian leaders do not agree to reopen the Strait of Hormuz by Tuesday night.