KONTAN.CO.ID - TOKYO. Japan's Nikkei share average rebounded on Tuesday morning after suffering a sharp drop last week, as investors played catch-up after U.S. shares rose on Monday, when markets were closed for a national holiday in Japan. The Nikkei rose 0.7 percent to 21,537.46 points by midmorning, after posting a 7.1 percent weekly drop in the last week hit by a sell-off in Wall Street. The broader Topix gained 0.6 percent to 1,742.20.
Nikkei rebounds after sharp weekly drop as U.S. shares recover
KONTAN.CO.ID - TOKYO. Japan's Nikkei share average rebounded on Tuesday morning after suffering a sharp drop last week, as investors played catch-up after U.S. shares rose on Monday, when markets were closed for a national holiday in Japan. The Nikkei rose 0.7 percent to 21,537.46 points by midmorning, after posting a 7.1 percent weekly drop in the last week hit by a sell-off in Wall Street. The broader Topix gained 0.6 percent to 1,742.20.