August 6, 2024 10:40 AM

Japanese stocks soar as wider markets bounce from brutal selloff

Japanese stocks jumped at the open on Tuesday, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some, after central bank officials said all the right things to soothe investor nerves. The Nikkei soared more than 8% to above 34,000 in the opening minutes of trading, rebounding sharply from its 31,458 close on Monday. The index had plummeted 12.4% in its worst selloff since the 1987 Black Monday crash. Wall Street also looked steadier with S&...