Nikkei Rallies and Japanese Tech Stocks Recover

Nikkei Rallies and Japanese Tech Stocks Recover · The Wall Street Journal

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After suffering its worst day in percentage terms since 1987, Japan’s Nikkei 225 notched one of its best days. + Tech stocks that got hammered on Monday rallied, with semiconductor manufacturing equipment maker Tokyo Electron up over 16%. + The yen, which had strengthened sharply on the unwinding of an investment strategy known as the carry trade, fell back to around 144.60 to the dollar.