Tokyo stocks rebounded on Tuesday morning after a historic sell-off on concerns about the U.S. economy and a stronger yen.
The Nikkei 225 index rose 7.39% or 2,324.26 points to 33,782.68, while the Topix rose 7.28% or 162.07 points to 2,389.22.
On Monday, the Nikkei closed down 12.40%, or 4,451.28 points, the biggest drop in history.
“The market is expected to rise sharply as there will be a natural recovery after yesterday’s decline, while the dollar-yen moves towards yen depreciation,” Monex said.
The broker expects the tense trading to continue, with a focus on forex movements.
The yen fell sharply to ¥146.01 against the dollar in early Asian trading after rising as high as ¥141.73 on Monday, a level not seen since early January.
