Topix Posts Historic Rally, and Is Still Down This Week: Chart

Japan’s Topix index just posted its second-steepest gain since Prime Minister Shinzo Abe took office, and investors have still lost money this week.

Japan Stocks Can’t Evade Weekly Loss After Friday Surge

The share gauge soared 5.6 percent Friday, ranking behind only a 6.4 percent surge in September since Abe’s tenure began in late 2012. In a sign of just how bad the equities rout has been, the Topix also capped a 2 percent weekly slide.

“It’s been a volatile week for stocks,” said Mikey Hsia, a trader at Sunrise Brokers LLP in Hong Kong. Friday’s jump “just means it’s a little bit less terrible now, that’s all. I am shell shocked, but entertained -- these volatile markets are what we live for.” 

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