In just five trading days! Nikkei 225 fully recovers from last week's plunge
Hawk News
2024-08-13 18:17:11
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Only five trading days, the Nikkei 225 index to recover to the level of last Monday's plunge before the 13th Nikkei 225-degree rose 2.79%, up to 36,000 points during the session.
The Nikkei 225 index narrowed to 2.55%, the TSE index rose 2.18%, the dollar against the yen at 147.412 up 0.14%.
12 Makoto Sakurai, a former governor of the Bank of Japan, said they won't raise interest rates again, at least for the rest of the year, given the market turmoil that followed the central bank's recent rate hike and the low likelihood of a rapid recovery in Japan's economy.
A weaker yen has also provided support for outgoers such as automakers and technology companies, with the yen holding at 147.29 yen to the dollar after falling 0.4 percent on Monday.
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