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Nikkei rebounds on bottom fishing

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Capital Market
Headline indices of the Japanese share market rebounded sharply on Tuesday, 18 November 2014, as investors chased for bottom fishing after Monday's meltdown. Sentiment also got a boost after greenback appreciated to upper 116-level against yen, and hopes for a government economic stimulus package. The Nikkei Stock Average closed 2.2% higher at 17344.06, after plunging 3% on Monday due to dismal third quarter gross domestic product data that put Japan firmly into a recession.

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First Published: Nov 18 2014 | 4:37 PM IST

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