AFP, Tokyo :
Tokyo stocks closed higher on Wednesday, rebounding from the previous day’s five-percent drop as the yen’s rise took a breather.
The benchmark Nikkei 225 index, which on Tuesday closed at a 20-month low on worries over the US economy, gained 0.89 percent, or 171.32 points, to 19,327.06 to log its first positive finish in six sessions.
The broader Topix index rose 1.12 percent, or 15.92 points, to 1,431.47.
Despite the recent market rout, there has been no clear sign of a recession in the US economy, said Norio Miyagawa, senior economist at Mizuho Securities.
“Our judgement is that the US economy remains solid at the moment” .
Tokyo stocks closed higher on Wednesday, rebounding from the previous day’s five-percent drop as the yen’s rise took a breather.
The benchmark Nikkei 225 index, which on Tuesday closed at a 20-month low on worries over the US economy, gained 0.89 percent, or 171.32 points, to 19,327.06 to log its first positive finish in six sessions.
The broader Topix index rose 1.12 percent, or 15.92 points, to 1,431.47.
Despite the recent market rout, there has been no clear sign of a recession in the US economy, said Norio Miyagawa, senior economist at Mizuho Securities.
“Our judgement is that the US economy remains solid at the moment” .
