Nikkei closes with record point gain after historic loss

Category: Finance

The Nikkei stock index experienced its largest single-day point gain in history, rising over 3,200 points to close at 34,675.46, following a significant drop the previous day. The rebound was supported by a weaker yen and improved sentiment after better-than-expected U.S. service sector data. All industry categories on the Prime Market gained, with marine transportation, rubber products, and consumer credit leading the way. Despite the recovery, concerns remain about potential future declines if the U.S. Federal Reserve signals a delay in interest rate cuts.

Keywords: Nikkei, stock market, Japan

Source: Kyodo News Plus

Update At: 8/6/2024

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