Japan’s Nikkei 225 showed recovery on Tuesday along with the rest of the Asian markets after facing a historic rout on Monday.
What Happened: Japan’s Nikkei 225 index jumped 10.97% to an intraday high of 34,911.80 on Tuesday after falling 12.4% on Monday. Asian peers including Hong Kong’s Hang Seng index were up 0.32%, and Taiwan Capitalization Weighted Stock Index was trading 2.31% higher.
India’s GIFT Nifty Futures were up 0.71% ahead of Indian markets opening on Tuesday.
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S&P 500 fell 3% on Monday but the S&P 500 futures is now trading 1.35% up after the US market close.
Global markets fell on Monday after a weaker-than-expected job data sparked fears of a US recession. Bank of Japan’s rising interest rates also spooked the markets which sent the Nikkei crashing 12% and weaknesses over global markets.
India’s benchmark index Nifty 50 had fallen 2.68% in Monday’s session.
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