Nikkei 225 Soars 10.2% Amid Market Volatility

Japan's Nikkei 225 index surged by 10.2% on Tuesday, following a 37-year record decline. This rebound hinted at market volatility seen across Asian markets, and gains in blue-chip companies like Toyota and Tokyo Electron. The bounce-back follows a Bank of Japan rate hike aimed at boosting the yen's value.

Japan's Nikkei 225 index experienced a 10.2% surge by the close of trading on Tuesday, marking a significant rebound from the previous day's 37-year record plunge.

The shift reflects ongoing market volatility, with similar dynamics seen across other Asian markets following sharp losses in Wall Street.

Blue-chip stocks, including Toyota Motor Corp. and Tokyo Electron, posted notable gains, recovering from earlier losses. The fluctuations follow the Bank of Japan's recent interest rate hike designed to bolster the Japanese yen.

(With inputs from agencies.)