Japan’s benchmark Nikkei share index bounced on Friday, after a sharp sell-off in the previous session, on expectations of stimulus measures to counter the impact of the coronavirus.
However capping gains in markets, the dollar fell more than 1% versus the yen to its 1-1/2-week low of 108.23 yen.
The Nikkei average rose 1.2% to 18,895.30 by the midday break, after losing a hefty 4.5% on Thursday. The broader Topix gained 1.3% to 1,417.95 by the midday recess.
The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing and considered to be a fear gauge, fell 2.1% to 53.06, moving further away from a nine-year peak of 60.86 hit on March 16.
Source : Reuters