Neutral impactResults
Global Market: Japan's Nikkei rebounds after six-session losing streak; weekly loss nears 5%
Economic Times 1 hr ago·16 Oct 2026, 4:28 am
Japan's benchmark Nikkei 225 index staged a recovery, snapping a six-day losing streak with a gain of 1.75%. The rally was driven by bargain hunting as investors scooped up stocks that had been oversold, alongside strength in technology and banking sectors. Despite this rebound, the index remains on track for a significant weekly decline, nearing a 5% loss.
This move highlights the ongoing volatility in global markets as investors navigate a period of uncertainty. The focus is now on upcoming corporate earnings reports and the outcome of the US midterm elections, which are expected to influence risk appetite in the coming days.
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