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Japan stocks rebound over 10% after historic losses; other Asia markets also recover
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher. Japan’s Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained over 10%. The yen weakened over 0.62% to trade at 145.07 against the U.S. dollar. Japan’s heavyweight trading houses all saw rebounds of over 8%, with Marubeni up over 13%. Softbank Group Corp jumped almost 10%. South Korea’s Kospi jumped above 4% while the small-cap Kosdaq was up over 6%. The rebound ... (full story)
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- Posted: Aug 5, 2024 9:49pm
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 3,631
