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- Dubai 04:32 05:49 12:21 15:48 18:47 20:04
A man walks past in front of graphs showing recent Japan's Nikkei share average outside a brokerage in Tokyo August 25, 2015. (Reuters)
Japanese stocks rebounded on Wednesday, turning around a six-day losing streak as Chinese markets calmed and bargain hunters snapped up major stocks such as banks and big exporters.
The Nikkei share average rose 3.2 per cent to 18,376.83, posting its biggest daily gain since October 31.
The benchmark index had fallen 13.6 per cent, or 2,813 points, in the previous six sessions through Tuesday, threatening to wipe out its gains for the year as fears of a China-led global economic slowdown drove the selling of risk assets.
But early morning volatility gave way to steady buying as major stocks fell to attractive prices just as Chinese markets seemed to recover their nerve following Tuesday's cut in interest rates and bank reserve requirements by the People's Bank of China.
The broader Topix rose 3.2 per cent to 1,478.97 and the JPX-Nikkei Index 400 added 3.2 per cent to 13,316.89.
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