Nikkei's 12% slump, then 10.23% jump. Amazing >>>6 Aug 2024 12:35
Overnight, Japan's Nikkei 225 stock index jumped by 10.23%, or 3,217 points in its biggest one day gain in points, after the previous day's plummet.Focus has now shifted to US stock markets, which open in a few hours, after a couple of days of torrid trading. The Nikkei's 12% slump at the start of the week weighed on global stock markets. Sharp share price drops in UK, Europe, and US followed.Experts says this was in reaction to fears of a US economic slowdown. A rare interest rate cut in Japan is also believed to have played a part. On Tuesday, the FTSE 100 opened higher, albeit a modest 0.33% gain, before dropping. Stock markets in France and Germany followed a similar path.
https://www.bbc.co.uk/news/articles/c1d77xe2p26o