2024-08-06 02:42:38
he The Nikkei opened more than 10% higher Listed on the Tokyo Stock Exchange on Tuesday, August 6 “Black Monday”, the main index plummeted 12.40%which was the second-worst decline in history.
In the first few hours of trading, the Nikkei Grouped 225 of the most representative games on the marketIt rose a total of 3,252.22 points, or 10.34%, to 34,710.64 points, setting an intraday record high.
The Topix index, which includes major sectors and companies with the largest market capitalization, rose sharply again by 10.56%, or 235.28 points, to 2,462.43 shares.
Dictators don’t like this
The practice of professional and critical journalism is a fundamental pillar of democracy. That’s why it bothers those who think they have the truth.
Tokyo Stock Exchange opens with strong gainsThe yen tumbled on Monday as it strengthened following the Bank of Japan’s (BoJ) latest interest rate hike and has been negative for several days.
In Tokyo on Tuesday, the dollar traded at 143.61 to 146.66 yen, while the yen traded at 157.41 to 160.33 yen against the euro.
Black Monday: Historic losses on Wall Street drag down European and Asian markets
“The market is starting to rise strongly as it should experience a natural recovery after yesterday’s plunge,” brokerage firm Monex said, warning that the session could be volatile.
Japan’s Nomura Bank also warned of market volatility this week. He said that after the previous day’s sharp decline, “today’s gains can be explained in one word: technical rebound.”
The yen’s depreciation in recent months has helped prices of internationally influential Japanese companies, with the yen falling to 146.01 units against the dollar on Tuesday, its highest level since January, after reaching 141.73 units the previous day.
Some of the companies benefiting from the stock market recovery are Honda (+14.90%), Toyota (+10.51%), Sony (+7.44%) and Nintendo (+9.87%).
Although not as pronounced as in Asian markets, large Western stock markets also closed on Monday, with Wall Street down 2.60%, Paris down 1.42%, London down 2.04%, Frankfurt down 1.82% and Madrid down 2.34%.
Black Monday: Bond losses narrowed on the first day, and Treasury bonds fell back after breaking through 1,700 points
Asian stocks rebound from slump as Fed faces calls for early rate cut
Asian stocks rose on Tuesday after global stocks fell the previous day on U.S. recession fears Call on the Fed to cut interest rates before the next meeting.
Tokyo stocks, which suffered record losses on Monday, soared more than 10% at one point as traders rushed to buy affected stocks, marking a disastrous day for the market with trading boards awash with red numbers.
analysts warn There may be greater volatility in the future.
Captain Luis Caputo faces waves and dollar shortage in market buffeted by external turmoil
The sell-off came after data on Friday showed that the U.S. created unexpectedly low numbers of jobs last month, while another report showed continued weakness in the manufacturing sector.
That prompted warnings that the Fed was keeping interest rates at more than two-decade highs for too long, and Risk pushing the economy into recession.
Some analysts point to “Sam’s rule,” which states that if the three-month moving average unemployment rate is 0.5 percentage points above the lowest level in the previous 12 months, the economy is in the early stages of a recession. This was triggered by Friday’s data.
OK The three major Wall Street indexes are experiencing pain again (the Nasdaq fell more than 3%)Better-than-expected data from the main U.S. services sector didn’t bring much comfort to investors.
1722917236
#Tokyo #Stock #Exchange #opens #higher #Black #Monday #earthquake
