Asian stock markets opened sharply higher on Friday, reversing a streak of declines, according to N12 financial correspondent Yuval Shadeh. Tokyo's Nikkei jumped 4% and Seoul's KOSPI surged 16%.
Asian markets opened sharply higher on Friday morning, with Tokyo's Nikkei jumping 4% and Seoul's KOSPI surging 16%, according to N12 financial correspondent Yuval Shadeh. The gains mark a dramatic reversal after a brutal week of declines.
The rebound follows a severe sell-off on Wednesday, when Seoul's KOSPI crashed 8.5% and Tokyo's Nikkei fell 2.5%, as The Zioneer reported. The latest moves suggest a volatile session ahead as traders digest the whipsaw.
Trading is in its early hours, and the gains may face pressure as the session progresses. No immediate catalyst for the rebound was cited in the initial report.
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