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Upward trend on the Tokyo stock exchange after reassuring message

» Updated: 09 August 2024, 06:03

» Published: 07 August 2024

Upward trend on the Tokyo stock exchange after reassuring message
Photo: Eugene Hoshiko/AP/TT

The Tokyo stock exchange recovered further in early Wednesday trading after the Bank of Japan's vice governor stated that the central bank may refrain from raising interest rates if markets are unstable.

At lunchtime, the Nikkei 225 index was up 2.3 percent, while the broader Topix index had climbed 3.3 percent.

In South Korea, the Kospi index was simultaneously up 2.7 percent.

There was also upward pressure in Hong Kong, with the Hang Seng up 1.2 percent.

In Shanghai and Shenzhen, the composite indices pointed to a 0.3 percent and 0.2 percent increase, respectively.

On Monday, the Nikkei 225 index plummeted over 12 percent. It was the largest drop since the so-called "Black Monday" in 1987, when the Nikkei fell 14.9 percent.

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By TTThis article has been altered and translated by Sweden Herald

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