Tokyo's main index bounces back and closes near the highs
- Session high 21,592.00
- Session low 21,349.71
The Nikkei bounces back into the close as S&P 500 futures also rebounded off the lows on the day in the last two hours. The index was dragged lower as trade tensions between US and China continue to cast a shadow in the market, weighing on USD/JPY as well (along with USD weakness).
Meanwhile, the PBOC's move to raise reverse repo rates earlier are hurting local stocks a little as the Shanghai Composite and CSI 300 indices are currently both down by 0.47% and 0.71% respectively. Both indices are also weighed down on tariffs concerns.
