🔴 Breaking News 🔴
🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987.
Key indexes the Nikkei 225 and TOPIX have gained around 10.2% and 9.3% each, clawing back a large chunk of the losses from the day before.🔥
Speaking with CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo noted this type of rebound is “typical after a market crash,” adding that:
“Importantly: Fundamentals are sound, the economy is doing fine, there is no evidence of abandoning Japanese equities.”
During APAC hours today $BTC also surged back above $55K after dropping as low as $49,781 on Aug. 5, according to CoinGecko data.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #Babylon_Mainnet_Launch #BinanceHODLerBANANA
