Global Markets Recoup Some Of Their Losses After Monday’s Sell-Off
Japanese stocks surged Tuesday, recouping much of their record losses from the day prior, with the U.S. market also primed for a comeback. Tokyo’s Nikkei 225 rose 10.2% yesterday, clawing back much of its 12.4% loss…
Japanese stocks surged Tuesday, recouping much of their record losses from the day prior, with the U.S. market also primed for a comeback.
Tokyo’s Nikkei 225 rose 10.2% yesterday, clawing back much of its 12.4% loss from the day prior — its worst single-day retreat since the 1987 “Black Monday” crash, according to the Financial Times. Wall Street also looks poised for a modest recovery, with the the S&P 500 climbing 1.5% in morning trading after falling roughly 3% on Monday in what was its largest fall since late 2022.
European markets did not fare as well as their U.S. and Asia-Pacific counterparts, wavering between small gains and losses on Tuesday, with the region-wide Stoxx Europe 600 index down 0.1 per cent, the FT reported.
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Monday’s global plummet in share prices came after disappointing