Japanese stocks rebounded Tuesday from Monday’s bloodbath as cooler heads prevailed and frenzied selling gave way to more orderly trading.
The 225-issue Nikkei average rose 10.23% to 34,675.46, ending the day just north of the bear territory into which it had slipped when it plunged more than 12% the day before.
“Panic selling has stopped,” said Tomoichiro Kubota, senior market analyst at Matsui Securities.