Nikkei 225 rebounds as buying to cover positions dominates after previous day’s decline / Market Overview

The Nikkei 225 rebounded as buying to cover positions after the previous day’s decline dominated trading. Among major markets, the Dow Jones Industrial Average rose, USD/JPY moved higher and the Shanghai Composite fell.

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The story

The Nikkei 225 ended trading at ¥66,216.79, up ¥890.37 from the previous day. Buying to cover positions dominated the market, driving a rebound.

In the US market, the Dow Jones Industrial Average ended at 53,463.05, up 119.65 from the previous day. In foreign exchange, USD/JPY stood at ¥158.46, up ¥0.34.

The Shanghai Composite ended at 3,894.42 points, down 95.88 from the previous day.

At a glance

Nikkei 225 closing level¥66,216.79, up ¥890.37 from the previous day

Dow Jones Industrial Average53,463.05, up 119.65 from the previous day

USD/JPY¥158.46, up ¥0.34 from the previous day

Shanghai Composite3,894.42, down 95.88 from the previous day

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