Japan stocks rebound 8% after historic rout, other Asia markets also open higher

Quick Summary:

Panic selling may have run its course but markets likely to still be volatile, say analysts.

However, we have been expecting a choppier environment into the back half of July and August given the sharp rebound from April, stretched sentiment, and the fact that we’re entering a seasonally weaker period of the calendar year.

The initial positive signs on Aug 6 suggest markets may be able to catch their breath following a dramatic day in which Wall Street’s “fear gauge” - the VIX - at one point registered a record increase in data going back to 1990.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaHong KongJapanSouth Korea

Topics: Topix Cent Market Dollar Stock Strong Markets Nikkei Trading Futures First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 09:08:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 37 lines

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Copyright Owner: © The Straits Times

News ID: 21946935

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