Data: The Nikkei 225 index's increase expanded to 10%, rising more than 3,000 points intraday
ChainCatcher news, according to Jinshi reports, the Japanese stock market has violently rebounded by 10%. The Nikkei 225 index has expanded its gains to 10%, rising more than 3000 points during the day.Hideyuki Ishiguro, chief strategist at Nomura Asset Management, stated: "The panic selling may have ended, but due to rising anxiety in global markets, today's price movements could be like a roller coaster." Charts indicate that the timing for a market rebound is ripe. The Toraku ratio (the proportion of stocks that have risen or fallen in the past 25 days) has fallen to its lowest level since October 2023 and is approaching the level of 70 (some traders view 70 as a signal of market improvement).However, even with a rebound, the Japanese stock market may still be at bear market levels in the short term. Tomo Kinoshita, global market strategist at Invesco Asset Management Japan, said: "Since the decline in the Japanese stock market yesterday far exceeded that of Europe and the United States, market participants now realize that this pullback was excessive. However, this does not mean that the market adjustment is over. Weak economic indicators from the U.S. could still lead to further sell-offs in the U.S. and other parts of the world, including Asia."