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Japan stocks poised for rebound; US futures rise

Bloomberg
Bloomberg • 1 min read
Japan stocks poised for rebound; US futures rise
Japan equities are set to regain some ground after suffering the biggest hit in Aug 5's global rout. Photo: Bloomberg
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Japan equities are set to regain some ground after suffering the biggest hit in Aug 5's global rout, which wiped out billions across markets from New York to London.

US equity futures climbed in early trading. 

Futures show the Nikkei 225 gaining more than 6% when it reopens on Aug 6, following a 12% slump that was the worst one-day decline in yen terms.

Hong Kong and Sydney shares look more steady, suggesting traders may be ready to catch their breath following a dramatic day in which Wall Street’s “fear gauge” — the VIX — at one point registered its largest spike in data going back to 1990.

While the S&P 500 pared some of its losses to finish 3% lower on Aug 5, it still suffered the biggest plunge in about two years amid strong trading volume.

The tech-heavy Nasdaq 100 saw its worst start to a month since 2008. Still, futures show both those indices may gain when US trading begins later on Aug 6.

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