Asian Stocks Rebound From Worst Rout Since 2008, Led by Japan

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Bloomberg News

Japan,Bargain Hunting,Hard Landing

(Bloomberg) -- Asian equities rose, helped by bargain hunting after concerns over a hard landing in the US drove a regional benchmark to its worst single-day...

-- Asian equities rose, helped by bargain hunting after concerns over a hard landing in the US drove a regional benchmark to its worst single-day drop since 2008.The MSCI Asia Pacific Index jumped as much as 3.9%, heading for its best day since November 2022, following a rout of more than 6% on Monday. Japan led the rebound as the yen eased following steep gains against the dollar that drove the nation’s stocks into a bear market.

In addition to Japan, stocks bounced back Tuesday in technology-heavy South Korea and Taiwan. US equity futures also advanced, with sentiment boosted in part by a rise in the US July service purchasing managers’ index that helped allay some worry on the world’s largest economy.LOS ANGELES — Freddie Freeman returned to the Los Angeles Dodgers’ lineup on Monday night after missing eight games to be with his ailing 3-year-old son who is out of danger after a serious medical diagnosis.

Three people were taken into custody near Salem, South Carolina, after a man pointed a gun at an animal control officer, a deputy and a veterinarian, according to the Oconee County Sheriff's Office.Blinken says US is working 'around the clock' to prevent escalation in Middle East

 

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