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Announced Tue, 21 Jul · 09:58 IST

Global Market: Japan's Nikkei rebounds as bargain buying lifts stocks after sharp weekly selloff

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AI summary

Japan's Nikkei 225 rebounded 1.25 percent to 64,945.96 in early trade, recovering part of last week's 6.4 percent slide, with the broader Topix index gaining 1.33 percent to 3,971.20. The recovery came despite cautious global sentiment as US-Iran tensions pushed oil prices higher and Wall Street ended slightly lower on Monday. Investors are now focused on upcoming US second-quarter earnings from major tech companies including Alphabet, Tesla and Intel for cues on AI-related stocks outlook.