Japan’s Stocks Rally More Than 9% After Plunge Into Bear Market
- ‘Panic selling’ may have run its course, Nomura Asset says
- Nikkei 225 circuit breaker triggered earlier amid volatility
Even with a rebound, Japanese stocks will likely remain at bear market levels in the short term after a steep three-day drop sent the equity gauges down more than 20% from their July peak.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Japanese stocks rallied after their plunge into a bear market during the previous day’s trading brought them down to key technical levels.
The Nikkei 225 Stock Average and Topix rebounded more than 9%, the most since October 2008, as exporters such as tech companies and automakers surged after the yen slumped about 1% against the dollar.