The Nikkei Average in the morning showed a sharp rebound, the biggest increase ever in anticipation of an autonomous rebound
2024/8/6 12:18 PM GMT+9 (some excerpts)
The Nikkei Average suddenly rebounded to 34,416 yen 32 yen, 2957 yen 90 yen higher than the previous business day in the Tokyo stock market. US economic indicators surpassed market expectations, excessive economic concerns abated, and purchases expected an autonomous rebound from the decline up to the previous day intensified. The fact that the exchange rate depreciated in the direction of yen depreciation was also a source of support. It surpassed the increase of 2676 yen based on the closing price on 10/2/1990, making it the biggest increase ever.
Even after the Nikkei Average rose by 618 yen and came close, it rose to 34,911 yen 80 yen, which was 3453 yen higher at one point, and approached the milestone of 35,000 yen. It plummeted by over 7600 yen in the 3 business days up to the day before. Above all, the day before had a depreciation of 4451 yen (12.40%), the biggest drop ever, and purchases that anticipated an autonomous rebound took precedence. A circuit breaker was triggered early in the morning due to futures on the Nikkei Average, TOPIX, and the Tokyo Stock Exchange Growth 250 Index.
Even after the Nikkei Average rose by 618 yen and came close, it rose to 34,911 yen 80 yen, which was 3453 yen higher at one point, and approached the milestone of 35,000 yen. It plummeted by over 7600 yen in the 3 business days up to the day before. Above all, the day before had a depreciation of 4451 yen (12.40%), the biggest drop ever, and purchases that anticipated an autonomous rebound took precedence. A circuit breaker was triggered early in the morning due to futures on the Nikkei Average, TOPIX, and the Tokyo Stock Exchange Growth 250 Index.
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