Tokyo stocks rebound from 26-year low
(10-27 10:05)
Japan's Nikkei stock index rebounded after briefly falling to the lowest level since 1982 before the economic bubble era, as fears grew of a global recession.
The Nikkei rose 182.16 points, or 2.38 percent, to 7,831.24 in late morning trade as the dollar clawed back some ground against the yen, easing worries about the outlook for Japanese exporter earnings.
US and European markets suffered heavy losses on Friday, with Wall Street's Dow Jones index ending down 3.59 percent.
Hiroichi Nishi, a broker at Nikko Cordial, said investors were pinning hope on government measures to try to stabilize plunging markets.
AGENCE FRANCE-PRESSE |
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