Japan’s Nikkei 225 Rises 7.7% for Biggest Gain Since October 2008

See, clear skies and smooth sailing in Asia.
See, clear skies and smooth sailing in Asia.

This must mean that everything is cool then right?

(From Bloomberg)

The Nikkei 225 jumped 7.7 percent to 18,770.51 at the close in Tokyo, its biggest gain since October 2008, to reverse losses on Tuesday that wiped out the gauge’s 2015 advance. The broader Topix index surged 6.4 percent to 1,507.37, the most since March 2011, amid volume 9 percent above the 30-day average. Japanese shares suffered the world’s second-steepest drop through Tuesday since China’s shock yuan devaluation last month, with Shanghai’s equity gauge the only one that fared worse.

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