🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987. Key indexe…

🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987.

Key indexes the Nikkei 225 and TOPIX have gained around 10.2% and 9.3% each, clawing back a large chunk of the losses from the day before.🔥

Speaking with CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo noted this type of rebound is “typical after a market crash,” adding that:

“Importantly: Fundamentals are sound, the economy is doing fine, there is no evidence of abandoning Japanese equities.”

During APAC hours today $BTC also surged back above $55K after dropping as low as $49,781 on Aug. 5, according to CoinGecko data.