Nikkei, Yen, Hang Seng: Asian stocks rise after significant losses the previous day
Asian stock markets are recovering after the significant losses on the previous day. However, investors remain cautious ahead of the upcoming earnings season and the US midterm elections.
Asian stock markets have rebounded after a sharp sell-off on Thursday. Japan's Nikkei Index rose 1.8% to 32,550 points, ending a six-day losing streak, while the broader Topix index gained 1.8% to 4,072. Shanghai's stock exchange gained 0.8% to 3,737 points, and the CSI-300 index of China's 300 largest companies rose 0.6% to 4,189 points.
Analyst Daisuke Hashizume of Daiwa Securities attributed the gains to investors buying back into the market after the previous day's losses, but noted that there is little reason for aggressive buying ahead of the US midterm elections and corporate earnings reports.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
