Japan’s Nikkei 225 Index Rebounds in Opening Trade Day After Worst-Ever Drop

Published on August 6, 2024

Japanese stocks have staged a noticeable comeback after experiencing the most significant market drop ever during the previous day’s trading session. On Aug. 5, Japan’s Nikkei 225, the stock market index for the Tokyo Stock Exchange, plunged 12.4 percent, or 4,451.28 points, as investors worried about the U.S. economy dumped a wide range of shares. It marked the worst daily selloff in the exchange’s 74-year history. Only one day later, new investors with a higher risk appetite responded, pushing the market up by over 3,200 points before it settled at a 2,957.90 point rise or a roughly 9.4 percent increase over the previous days’ trading. It was the largest single day rise since October 1990 when the Nikkei 225 increased 2,676.55 points. Overall, the index is still down around 20 percent from its all-time high on July 11....

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