Japan shares rebound in volatile session on short-covering [Reuters (UK)]
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Source: Reuters
Japan shares rebound in volatile session on short-covering - Reuters 3 Min Read SYDNEY, March 10 (Reuters) - Japanese stocks settled higher on Tuesday after a volatile session that saw shares fall on worries over the economic impact of the coronavirus epidemic and an oil price crash before short-covering lifted markets. The Nikkei average finished 0.9% higher at 19,867.12, having earlier fallen to a three-year low of 18,891.77. It moved as much as 1,078.23 points in intraday trade, marking its largest daily swing since February 2018. Traders said short-covering was behind the rally, following Monday’s 5.1% plunge amid a global equity rout. The broader Topix rose 1.3% to 1,406.68, also bouncing back from earlier steep losses. All but three of the 33 sector sub-indexes on the Tokyo Stock Exchange ended higher, with securities, real estate and warehouse and wharf being the top three performing sectors. On the currency front, the safe-haven yen tumbled more than 2% versus the dollar, afte
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