Japan’s Nikkei stock average closed with its biggest one-day gain in history today, rising more than 3,200 points after hitting a record low the previous day.
The Nikkei Stock Average, which includes 225 issues, ended trading today with a rise of 3,217.04 points, or 10.23 percent, to reach 34,675.46, surpassing the previous record for a daily gain of 2,676.55 points set on October 2, 1990, the Japanese news agency Kyodo reported.
The broader Topix index also closed up 207.06 points, or 9.30 percent, to 2,434.21. Every industry category in the prime market posted gains, led by shipping, rubber products and consumer credit stocks.
The sharp rebound, also supported by a weaker yen, came after global stock markets fell on Monday as fears of a U.S. recession mounted due to a recent batch of disappointing economic data, prompting investors to seek safe-haven bonds.