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Tokyo Stock Exchange rebounds sharply after Friday debacle

2021-03-01T05:31:48.719Z


The Tokyo Stock Exchange rose sharply on Monday morning after the Nikkei plunged at the end of last week, helped by a slight rally in the Nasdaq on Wall Street on Friday as long-term US interest rates paused. The flagship Nikkei index climbed 2.06% to 29,563.64 points around 01:10 GMT, after slipping 3.99% on Friday amid concerns about rising bond yields. The broad Topix index gained 1.58% to 1,89


The Tokyo Stock Exchange rose sharply on Monday morning after the Nikkei plunged at the end of last week, helped by a slight rally in the Nasdaq on Wall Street on Friday as long-term US interest rates paused.

The flagship Nikkei index climbed 2.06% to 29,563.64 points around 01:10 GMT, after slipping 3.99% on Friday amid concerns about rising bond yields.

The broad Topix index gained 1.58% to 1,893.91 points.

Read also: The Paris Bourse ends sharply down 1.39%

"Japanese stocks rebound from a steep fall last week as US technology stocks" recovered on Friday, Monex's Toshiyuki Kanayama said in a note.

The New York Stock Exchange had a mixed close at the end of the week amid inflation fears, only the Nasdaq having slightly recovered from its losses the day before as the movement of rates on 10-year Treasury bills s calmed down a bit in the United States.

Source: lefigaro

All business articles on 2021-03-01

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