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Japan’s Benchmark Nikkei 225 Index Soars More Than 10 Percent After Plunging a Day Earlier

Investors worried about the U.S. economy dumped a wide range of shares.
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Japan’s Benchmark Nikkei 225 Index Soars More Than 10 Percent After Plunging a Day Earlier
A monitor shows the Nikkei 225 stock index in Tokyo indicating at one point, over 2,537 points of lowering, on Aug. 5, 2024. (Shohei Miyano/Kyodo News via AP)
The Associated Press
Updated:

TOKYO—Japan’s benchmark Nikkei 225 share index soared as much as 10.7 percent early Tuesday, a day after it plunged a near record 12.4 percent.

The index was up 3,360.39 at 34,818.81 about an hour after trading began. The gains followed sharp losses on Wall Street that were dramatic but not on the same scale as Monday’s debacle in Tokyo.

The Nikkei is now close to the level it was at a year ago.

The Nikkei’s biggest ever percentage gain was 14.2% in October 2008.