Nikkei Climbs 1 Percent after Thursday Fall

Shares in Japan have closed higher at the end of Friday trading, in a partial recovery from the global sell-off in shares seen on Thursday.

The Nikkei 225 index ended 0.89% up, after a day of volatile trading that had seen initial rises followed by a sharp fall, then a recovery.

Other Asian indexes were mixed, with some showing gains and others losses.

The Nikkei fell nearly 7.8% on Thursday in its worst one-day drop since the aftermath of the tsunami in March 2011.

There have been concerns over weak Chinese manufacturing data, as well as fears that the US may cut stimulus measures.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza