Japanese stocks rebound from worst crash since 1987 while global markets are mixed

The benchmark Nikkei 225 index finished 10% higher and the broader Topix closed around 9% up. Elsewhere in Asia, South Korea’s Kospi rebounded by 3.3%, while Taiwan stocks gained 3.4%. However, Hong Kong’s Hang Seng Index, which closed later, was down 0.3%. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown.

AI-related tech stocks also suffered, impacting equity valuations across Taiwan and South Korea, where chipmakers produce most of the world’s supply of high-end semiconductors used in AI applications, they said. A stronger yen Japan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers. On Monday, the yen hit a seven-month high against the US dollar at around 143.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japanese stock market sees biggest drop since 1987's Black Monday amid US recession fearsJapanese stock market sees biggest rout since 1987 Black Monday amid global selloff
Source: nypost - 🏆 91. / 67 Read more »

Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwideThe drops were just the latest in a global sell-off that began last week.
Source: ExpressNews - 🏆 519. / 51 Read more »

Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwideNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: denverpost - 🏆 13. / 72 Read more »

Dow drops on US economy worries; Japanese stocks suffer worst crash since 1987The drops were just the latest in a sell-off that swept the Earth.
Source: wsfa12news - 🏆 338. / 59 Read more »

Kamala Crash: Japanese Stocks Lose More Points than on ‘Black Monday’ in 1987Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Dow drops 864 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: denverpost - 🏆 13. / 72 Read more »