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.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Source: denverpost - 🏆 13. / 72 Read more »
Source: wsfa12news - 🏆 338. / 59 Read more »
Source: BreitbartNews - 🏆 610. / 51 Read more »
Source: denverpost - 🏆 13. / 72 Read more »