Japanese shares rally hard after massive sell-off

by Pelican Press
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Japanese shares rally hard after massive sell-off

Japanese stocks have rebounded sharply from the previous session’s searing sell-off and double-digit losses as investors reconsidered their concerns over equity valuations and a possible US recession.

The benchmark Nikkei’s rally on Tuesday, after the market’s biggest single-day rout since the 1987 Black Monday crash, came as the yen reversed its gains, indicating the carnage in yen-funded global carry trades was also easing.

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