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

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Bloomberg Nyheter

Bear Market,Japanese Stocks

(Bloomberg) -- Japanese stocks surged after their plunge into a bear market during the previous day’s trading brought them down to key technical levels. Most...

-- 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.

 

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