Tokyo Stock Exchange: Nikkei recovers strongly after stock market quake

Tokyo Stock Exchange: Nikkei recovers strongly after stock market quake

Investors in Japan are experiencing a rollercoaster of emotions. After the dramatic slump at the beginning of the week, prices are rising again significantly.

On the Tokyo stock exchange, the Nikkei index for 225 leading stocks is catching up again after the massive price loss at the start of the week. Shortly before midday (local time), the price barometer recorded a strong increase of 2,957.90 points or 9.4 percent to an interim result of 34,416.32 points.

On Monday, the index fell by more than twelve percent, and as a result, stock exchanges in other countries also saw dramatic losses. The recent significant rise in the national currency, the yen, had a major impact on the prices of export-dependent Japanese companies. However, traders say that sentiment has now improved in light of the subsequent weakening of the yen.

Source: Stern

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