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