Japanese stocks soar as wider markets bounce from brutal selloff
Japanese stocks surged above 34,000 on Tuesday, recovering from Monday’s 12.4% plunge. Central bank reassurances boosted markets, igniting a sharp rebound in the Nikkei, as well as gains in Wall Street futures. Currencies steadied, Treasury yields recovered, and oil prices rose after news of U.S. personnel injuries in Iraq.
Stocks in news: RIL, Bharti Airtel, Vedanta, Tata Power, Lupin
Indian benchmark indices plummeted almost 3% on Monday amid global market shocks and concerns over a US economy slowdown. RIL, Bharti Airtel, Vedanta, Tata Power, and other major companies were highlighted due to recent news and quarterly results. RIL’s AGM is on August 29, while ONGC and Airtel disclosed contrasting profit performances.