Tiger'sRichesRoar|Tokyo stocks log strong rebound after Monday meltdown
TOKYOTiger'sRichesRoar, AugTiger'sRichesRoar. 6 (Xinhua) -- Tokyo stocks rebounded sharply on Tuesday, with the benchmark Nikkei 225 Index logging its largest-ever intraday gain during early trading.
As of 10:24 a.m. local time, the 225-issue Nikkei Stock Average gained 10.05 percent, or 3,161.78 points, refreshing the record previously set in October 1990 following its record plunge of about 12.4 percent on Monday.
The broader TOPIX index, meanwhile, gained 9.98 percent, or 222.25 points.
Circuit breakers amid the surges were triggered to suspend futures trading of both benchmark indices. Futures trading of Tokyo Stock Exchange Growth Market 250 Index also saw suspension.
Market watchers here noted that on top of buy-the-dip moves over Monday's meltdown, market sentiment was also improved due to encouraging data.
Japan's average monthly wages in inflation-adjusted terms, a barometer of consumer purchasing power, saw its first gain in 27 months by rising 1.1 percent on year in June, official data showed on Tuesday.■
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