The stock market rebounded this week for the first time in 3 weeks. A sense of relief spread after reports that the US-Japan financial meetings had passed without incident.
The market rebounded this week for the first time in 3 weeks, with the Nikkei 225 posting a sharp rise from the previous day. The Nikkei ended trading at ¥65,018.95, up ¥882.70. USD/JPY moved to ¥156.88, up 0.90, while the NY Dow stood at $51,682.64, down 95.40, and the Shanghai Composite was at 3,911.87, up 36.26.
Reports that the US-Japan financial meetings had passed without incident helped curb market turbulence, and investors are believed to have shown a greater appetite for risk. While investors continued to await individual catalysts, a sense of relief prevailed across the market.