Japan’s Nikkei 225 Index Rebounds with Over 10% Surge Following Previous Day’s Plunge

The Nikkei 225 share index in Japan experienced a remarkable surge of 10.7% early on Tuesday, following a significant 12.4% decline the previous day. Approximately an hour after trading commenced, the index had risen by 3,360.39 points to reach 34,818.81. This positive movement came in the wake of substantial losses on Wall Street, although they were not as severe as the sharp drop witnessed in Tokyo on Monday. As a result of this sudden upturn, the Nikkei index is now approaching the level it stood at approximately a year ago. It is worth noting that the Nikkei’s largest-ever percentage increase was recorded in October 2008 at 14.2%.