Nikkei rebounds 2.3 per cent after rout on Brexit vote

Japan’s benchmark Nikkei 225 Stock Average soared 2.3 per cent Monday, despite the yen’s rise, after last week's global sell-off triggered by the British vote to leave the European Union.

The Nikkei gained 357.19 points, or 2.39 per cent, to close at 15,309.21 after climbing as much as 2.49 per cent. The index plunged 7.92 per cent Friday.

The broader Topix index rose 21.28 points, or 1.77 per cent, to close at 1,225.76 after losing 7.26 per cent Friday.

Before the markets opened, the government and the Bank of Japan met to discuss measures to alleviate the negative effects on the country’s economy following Britain’s decision to leave the 28-member bloc.

Prime Minister Shinzo Abe instructed the central bank to ensure adequate liquidity in markets and support the banking system, Hiroshi Nakaso, a deputy governor of the bank, told reporters, Kyodo News agency reported.

Last update: Tue, 28/06/2016 - 12:05
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