Japanese equities gain ground after 10% fall in three days

Japanese equities have started to regain some of the ground lost since the end of last week after the Nikkei rose 1.2% in Tuesday's trading.

On Thursday, the Nikkei index fell by more than 7%, driven by fears over weak Chinese manufacturing data, rising Japanese bond yields and concerns the US Federal Reserve may put a stop to quantitative easing. After a slight 0.9% bounce on Friday, the market lost another 3.2% yesterday to stand down 10% from its high last Wednesday. The index recovered some of those losses today to close up 1.2% at 14,312, while the Topix also rose 1.2%, to 1,168, after policymakers committed to stabilising the volatile Japanese government bond market. Stock markets across Asia rose in line with Jap...