'Crash' Japan Nikkei Index Starts Rebound... Early Trading Shows Over 8% Rise

The Tokyo stock market in Japan, which had recorded its largest-ever drop due to concerns over a US economic recession, is sharply rebounding after just one day.

[Image source=AFP Yonhap News]

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The Nikkei 225 average stock price index, the representative stock index of the Japanese market, was trading at around 34,053 points as of 9:27 AM on the 6th, up 2,595 points (8.25%) compared to the previous session.

This is interpreted as a low-price buying movement following the record largest drop of 4,451 points the previous day. The yen's weakness was confirmed again as the dollar-yen exchange rate rose to the 146 yen level in the foreign exchange market, which also influenced investors to revisit export-related stocks that had recently been declining.

By individual stocks, Tokyo Electron, Fast Retailing, Advantest, and SoftBank Group are showing upward trends.

The TOPIX index is also showing a rise in the 7% range.

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