SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

After the Crash – Tokyo Stock Exchange Bounces Back

The Tokyo Stock Exchange takes a big leap upwards during Tuesday morning, after Monday's heavy fall.

» Updated: 06 August 2024, 14:07

» Published: 06 August 2024

After the Crash – Tokyo Stock Exchange Bounces Back
Photo: Shohei Miyano/Kyodo News via AP

By lunchtime, the important Nikkei 225 index had risen by 9.5 percent – while the broader Topix index was up 9.3 percent.

It's a completely different tone than on Monday, when the Nikkei 225 index fell over 12 percent at closing. It was the largest drop since the so-called "Black Monday" in 1987 when Nikkei fell 14.9 percent.

This was followed by large drops on stock exchanges in Europe and the USA.

Since the extent of Japan's stock market decline yesterday turned out to be much larger than in Europe and the USA, the market now realizes that the Japanese market correction yesterday was exaggerated, says Tomo Kinoshita, global market strategist at asset manager Invesco in Tokyo, to Bloomberg, about the sudden surge.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Crisis Expert Becomes Chairman of Northvolt One
1 MIN READ

Crisis Expert Becomes Chairman of Northvolt One

"Minecraft" takes a place in the amusement park
2 MIN READ

"Minecraft" takes a place in the amusement park

He becomes the new chairman of the Building Workers' Union
1 MIN READ

He becomes the new chairman of the Building Workers' Union

Norway opens up for tourist tax
2 MIN READ

Norway opens up for tourist tax

Danish weight loss success enters China
1 MIN READ

Danish weight loss success enters China

Minister pleased with authorities "stepping up"
1 MIN READ

Minister pleased with authorities "stepping up"

Enhanced downturn on the Stockholm Stock Exchange
2 MIN READ

Enhanced downturn on the Stockholm Stock Exchange

Cautious Consumers - a Challenge for Synsam
1 MIN READ

Cautious Consumers - a Challenge for Synsam

Svantesson: The Consumer Has a Great Responsibility
2 MIN READ

Svantesson: The Consumer Has a Great Responsibility

Fake ID apps spread among young people: "Well-made"
2 MIN READ

Fake ID apps spread among young people: "Well-made"

Mostly Upwards on Asian Exchanges
1 MIN READ

Mostly Upwards on Asian Exchanges

Media: Battle over Trump's Finance Minister Post
2 MIN READ

Media: Battle over Trump's Finance Minister Post

Google may be forced to sell Chrome
2 MIN READ

Google may be forced to sell Chrome

Tesla wins on the stock exchange in the USA
1 MIN READ

Tesla wins on the stock exchange in the USA

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"
2 MIN READ

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"

VW: In close contact with Northvolt
1 MIN READ

VW: In close contact with Northvolt

Insider conspiracy investigated – decision on prosecution imminent
2 MIN READ

Insider conspiracy investigated – decision on prosecution imminent

Viaplay's largest owner heading for the stock exchange
1 MIN READ

Viaplay's largest owner heading for the stock exchange

The Gold Price is Expected to Rise Even More
1 MIN READ

The Gold Price is Expected to Rise Even More

Ericsson CEO open to relocating headquarters to the USA
1 MIN READ

Ericsson CEO open to relocating headquarters to the USA