Hong Kong CNN —Japanese shares soared in early trading on Tuesday, clawing back most of their record losses from the previous day and underpinning a regional rally.
The Nikkei 225 last traded about 10% higher, while South Korea’s Kospi rebounded by about 3%.
They all suffered major losses during the previous trading session.
The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN.
Losses like that led the Nikkei to close 12.4% lower on Monday in its largest one-day fall since October 1987.
Persons:
clawing, Kospi, ” Neil Newman
Organizations:
Hong Kong CNN, Nikkei, Advisory, CNN, Kikkoman, Nasdaq, Bank of Japan
Locations:
Hong Kong, South, Taiwan, Japan, Tokyo