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HomeInternationalJAPANESE STOCKS SURGE AFTER HISTORIC DROP, NIKKEI RALLIES 9.4% IN MORNING TRADE

JAPANESE STOCKS SURGE AFTER HISTORIC DROP, NIKKEI RALLIES 9.4% IN MORNING TRADE

Tokyo August 6 2024: Japanese stocks subha ke soda mein tezi se upar gayin, jab unka sabse bara single day rout hua since 1987 Black Monday sell-off pichle session mein.

Nikkei (.N225) 9.4% upar gayi 34,416.32 tak midday break tak, aur broader Topix (.TOPX) 9.3% upar thi 2,434.21 tak.

Nikkei aakhri martaba 2,957.9 points upar thi jab woh session ke aghaz mein 3,000 points se zyada rise hui, apne sabse bara intraday points gain record ko todte hue.

Benchmark index 12.4% neeche gayi Monday ko, apni sabse kharab performance ke sath October 1987 crash ke baad, jab investors global stock markets ke plunge, U.S. recession risks, aur cheap yen ke investments unwind hone se hil gaye the.

Khoon Goh, ANZ mein head of Asia research, ne note kiya ke Nikkei pehle bhi rebound hui jab usne double digit declines ka samna kiya, jaise global financial crisis 2008 aur Tohoku earthquake 2011 ke baad.

“Lekin isme waqt laga jab tak Nikkei apne sab losses ko vapis paa sakti,” unho ne kaha.

July 11 se Monday ke close 31,458.42 tak, Nikkei ne 113 trillion yen ($792 billion) ka market value apne peak se wipe off hota dekha.

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