Asian markets recovered today after heavy falls a day earlier, with Tokyo surging back from its worst one-day drop since the March 2011 quake-tsunami disaster as investors moved to recoup losses. Markets moved back up after falling yesterday on signs the US Federal Reserve could scale back massive stimulus measures and after weak Chinese factory data. Tokyo, which fell more than seven percent the previous session, had bounced back 2.65 percent by the break. Seoul was up 0.13 percent, Shanghai rose 0.43 percent and Hong Kong climbed 0.12 percent. Sydney was down 1.36 percent. US stocks ended slightly lower yesterday, with the Dow Jones Industrial Average falling 0.08 percent. But European markets took a heavier hit, with most indices, including London, Frankfurt and Paris, dropping more than two percent, following the Asian lead.
News On AIR | May 24, 2013 11:24 AM
Asian markets post recovery after heavy fall yesterday