Japan’s benchmark Nikkei 225 index closed more than 10% higher on Tuesday, a day after it set markets tumbling in Europe and on Wall Street. Other markets in Asia also rebounded, but more moderately, appearing to settle somewhat after the rollercoaster ride that started the week.
The scary Monday started with a plunge abroad reminiscent of 1987 ’s crash that swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy.
The Nikkei gained nearly 11% early Tuesday and bounced throughout the day to close up 3,217.04 points at 34,675.46 as investors snapped up bargains after the 12.4%
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