Nikkei rebounds 3.2%

Japanese share market advanced for the first time in seven consecutive sessions on Wednesday, 26 August 2015, as investors chased for bottom fishing on battered blue chip stocks after heavy selloff in recent sessions. Risk sentiments also improved after the Chinese central bank's easing decisions allayed market concerns over a global economic slowdown. All TSE industry groups rebounded, with shares of utilities, financials, electric appliances & precision instruments, automobile & transportation equipment, logistics and metal & mining companies being biggest gainers. The Nikkei Stock Average advanced 570.13 points, or 3.2%, to end at 18376.83 points, following six consecutive sessions of drops that totalled a 14% fall. The broader Topix index ended up 3.23 per cent or 46.32 points at 1478.97.

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