Japanese equities rebound after rout; Fed cut in spotlight as US recession fears spread

Market turmoil likely to continue after BOJ’s hike, the US Fed’s decision to hold rates, and mixed data about the health of the world’s largest economy.

Ryan Li

August 06, 2024

Japanese equities rebounded by as much as 10% on Tuesday, August 6, right after a historic plunge on Monday, the worst since Black Monday in 1987 – the Nikkei 225 Index rose by 10.23% as of end day, while the Tokyo Stock Price Index (Topix) jumped by 9.3%.

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