Global Market: Japan's Nikkei rebounds after six-session losing streak; weekly loss nears 5%
Context
What happened: Japan's Nikkei rose 1.75% to 65,550.68 by the midday break, rebounding after a six-session losing streak and a nearly 5% plunge in the previous session.
Key numbers: Nikkei up 1.75% to 65,550.68, still down about 5% for the week. Topix up 1.83% to 4,072.71, on track for a 0.8% weekly decline.
Why it matters: The recovery was driven largely by bargain hunting, with investors reluctant to make aggressive bets ahead of key corporate earnings and US political developments, including whether US midterm election results could influence President Donald Trump's proposals.