Japan’s Nikkei posts best daily performance since October 2008

Japanese stocks rebounded sharply on Tuesday, August 6, after the Nikkei 225 and Topix slumped more than 12% in the previous session

Japan’s Nikkei 225, which saw its biggest loss in the previous session since the Black Monday crash of 1987, rose about 10%, while the broader Topix index added more than 9%.

The Nikkei ended the day up 10.23% at 34,675.46, its biggest daily gain since October 2008 and its highest ever in index points. The Topix ended up 9.3% at 2,434.21.