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Japan's Stocks Rally as Much as 10% After Drop Into Bear Market.

Authors :
Yokoyama, Momoka
Hsu, Winnie
Source :
Bloomberg.com; 8/6/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Japanese stocks rallied after experiencing a significant drop into a bear market. The Nikkei 225 Stock Average and Topix rebounded more than 10%, the most since October 2008, as exporters and banks saw gains. The market's volatile conditions triggered a circuit breaker for Nikkei futures, but charts indicated that a rebound was likely. However, despite the recent rally, Japanese stocks are expected to remain at bear market levels in the short term due to ongoing economic concerns. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178858713