Tokyo stocks rebound after Christmas slump

Tokyo stocks rebound after Christmas slump

Tokyo markets, which were closed on Monday for a national holiday, plummeted at the open on Tuesday, with the Nikkei down more than five percent - over 1,000 points - shortly before the morning break. The Broader Topix had been found surfing below its lowest level since November 2016, 1,420.82 and during writing this report, it drooled 4.55 percent to 1,420.31.

Gainers were led by oil and coal product, precision instrument, and warehousing and harbor transportation service issues.

Asian equities were shaky on Wednesday following the plunge in Wall Street on Christmas eve in the face of a series of unnerving U.S. political developments, including a United States federal government shutdown and President Donald Trump's increasingly hostile stance towards Federal Reserve chairman Jerome Powell.

"There's a lot of uncertainty, and that's one of the biggest things that the market doesn't like", Andrew Sullivan, a Hong Kong-based market economist, told CNN.

Japan's benchmark Nikkei 225 Stock Average tumbled 5 percent into a bear market as the global equity rout continued unabated in the last week of the year, with renewed turmoil in Washington rattling investors.

Global investors already had a laundry list of worries, including China's slowing economy, the Trump administration's trade war with China and the unpredictability surrounding Brexit. So I think it's a tremendous opportunity to buy.

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Individually, only one player has more sacks at home in the National Football League since 2016 than Danielle Hunter's 21 sacks. Yes, the Bears will show a gameplan when the two meet that may need tinkering in the next week if Minnesota wins.

Significant storm on its way to Timmins and area says Environment Canada
Temperatures are expected to plummet overnight, with temperatures beginning in the upper 20s or low 30s and falling from there. On Monday, the storm system was still off the coast of North America, making it hard to size up.

"They're raising interest rates too fast because they think the economy is so good", Trump said.

Traders grew jittery also because U.S. Treasury Secretary Steven Mnuchin talked by phone with chief executives of six major banks Sunday for assurance they have ample liquidity to support normal operations.

The Nikkei index rose over 750 points Thursday to log its largest point gain in about two years and retake the 20,000 line as investor sentiment was improved by a sharp rebound on Wall Street following brisk U.S. Christmas sales.

Trump, speaking in Washington on Tuesday, sought to portray the decline in stocks as a positive for investors.

On the First Section, declining issues outnumbered advancers 2,096 to 27, while eight ended the day unchanged.

Blue chip shares fell across the board, with Toyota Motor Corp falling 5.1 percent, Sony Corp shedding 4.5 percent, Nintendo down 4.3 percent and Mitsubishi UFJ Financial Group losing 4 percent.

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