Japan stocks rebound a day after major rout

Category: Finance

Japanese shares rebounded over 8% in early Tuesday trading after a significant 12% drop on Monday, triggered by the Bank of Japan's second rate hike in 17 years, which increased the yen's value and made Japanese stocks more expensive for foreign investors.

Keywords: Japanese shares, Nikkei index, Bank of Japan rate hike

Source: BBC

Update At: 8/6/2024

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