Japanese shares rebound sharply after biggest sell-off since 1987 Black Monday rout

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Japanese shares rebound sharply after biggest sell-off since 1987 Black Monday rout - Channel News Asia

Quick Summary:

TOKYO :Japanese stocks rebounded sharply in morning trade on Tuesday, after their biggest single day rout since the 1987 Black Monday sell-off in the previous session.The Nikkei rallied 9.4 per cent at 34,416.32 as of the midday break, while the broader Topix was up 9.3 per cent at 2,434.21.

A woman is reflected on an electronic stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2024.

BlackRock Investment Institute said on Tuesday that they see a "greater risk of a BOJ policy misstep" and are reviewing their Japan overweight position.