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VisitJapan's Nikkei 225 Soars 10.5%, Topix Climbs Over 10% After Near-Record Plunge
Aug 6, 2024, 01:20 AM
Japan's stock market experienced significant volatility, with the benchmark Nikkei 225 index surging as much as 10.5% early Tuesday, following a near-record plunge of 12.4% the previous day. The broader Topix index also climbed more than 10%. This dramatic rebound comes after the market's largest two-day drop in history, driven by concerns over the US economy and a stronger yen. The Nikkei 225 surged over 8.75% at the open. Traders have warned of continued extreme volatility in the coming hours.
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