Japan stocks rebound a day after major market rout
Japanese shares have rebounded in early Tuesday morning trade after plunging on Monday in a rout which sent shockwaves through global financial markets.
The Nikkei stock index was trading more than 8% higher after slumping by over 12% the previous day.
Yesterday's market rout came in the wake of the Bank of Japan's second rate hike in 17 years which sent the yen soaring against the dollar making stocks in Tokyo - and Japanese goods in general - more expensive for foreign investors and buyers.
Stocks in the US and Europe also fell on Monday due to fears that the American economy is heading for a slowdow
https://www.bbc.co.uk/news/articles/c1d77xe2p26o
Gotta love those business writers and their silly reasons for market behavior. Middle east war jitters are a more logical reason, but nobody seems to want to admit that's it. A big war in the Middle East can foul things up completely. Fortunately, bargain hunters didn't seerm to get the memo, at least in Japan.
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