In Japan, the Tokyo Stock Exchange was on the rise again at the start of the day on Tuesday after the historic dive of the previous day. Tokyo’s Nikkei 225 index and the broader Topix were each up more than eight percent.
On Monday, both indexes closed down more than 12 percent. The Nikkei 225 fell more than 4,400 points, which was the largest point drop in the index’s history. The reason behind the exchange rate surge was, among other things, the strengthened exchange rate of the Japanese yen, which hinders the country’s exports.
On Tuesday, the value of the yen against the dollar had weakened sharply.