Japan’s Stocks Rally 6% as Technicals Point to Lull in Rout

-- Japanese stocks surged after their plunge into a bear market during the previous day’s trading brought them down to key technical levels.The Nikkei 225 Stock Average and Topix rebounded as much as 6%, while the yen slid more than 1% against the dollar. The blue-chip gauge, as well as the broader Topix, tumbled 12% on Monday as investors fled equities on a stronger yen, tighter monetary policy and concern over the US economy’s outlook. A circuit breaker earlier was hit for Nikkei 225 futures.

Even with a rebound, Japanese stocks will likely remain at bear market levels in the short term after a steep three-day drop sent the equity gauges down more than 20% from their July peak. New Store Marks the Sixth Location in Colorado Summer Haze Campaign Black Rock Coffee Bar's Delicious Summer Drinks Black Rock Coffee Bar's Summer Drinks Salted Caramel Cookie Latte, In the Clouds Fuel, Strawberry Fields Matcha Scottsdale, AZ, Aug.

Business Business Latest News, Business Business Headlines

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

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally after Fed decision, Nvidia surgesA tech revival is helping lift stocks, as investors digest the Federal Reserve's decision to hold interest rates steady.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Source: SooToday - 🏆 8. / 85 Read more »