Stock Market Live Updates 06 August 2024: Asian stocks rebound after historic selloff; Nikkei 225 surges over 8%


Asian stocks rebounded in early trading Tuesday after a historic selloff driven by concerns over the US economy and a stronger yen.

The benchmark Nikkei 225 index surged 8.86%, or 2,786.55 points, to 34,244.97, while the Topix rose 9.20%, or 204.79 points, to 2,431.94.

On Monday, the Nikkei had plunged 12.40%, or 4,451.28 points, marking the largest points drop in its history.

Meanwhile, South Korea’s KOSPI climbed 4.30%, or 104.88 points, to 2,546.43, and Australia’s S&P/ASX 200 advanced 0.71%, or 54.10 points, to 7,703.70.

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