The global stock market is recovering after historic falls. Japanese investors are said to have reacted in this way today to the depreciation of the yen against the dollar and the euro.
The Nikkei, the main index of the Tokyo Stock Exchange, rose 10.23%, its biggest percentage gain since 2008, after having registered a 12.4% drop, the worst since 1987 due to fears of a recession in the United States and various internal factors, such as the decision of the Central Bank of Japan to raise its interest rate.
Japanese investors are said to have reacted in this way today to the depreciation of the yen against the dollar and the euro, a trend that benefits major Japanese exporters by repatriating their profits abroad, Sumitomo Mitsui, one of the major Japanese banks, was the most traded company of the day, followed by Tokyo Electron..
On the other hand, the Seoul Stock Exchange had a clear rebound with its main indicator advancing 3.3% at the end of trading. Thus, with the volatile opening and increases of more than 5%, operators had to reactivate restrictions.
The Taiex, the benchmark index of the Taipei Stock Exchange, also followed the same trend and recovered 3.38% on Tuesday after falling 8.35%.
Source: Larepublica
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