It was upwards, strongly upwards, for leading stock market indices in Asia after Friday's initial trading. And the Tokyo Stock Exchange had almost fully recovered after the historic 12 percent crash on Monday.
A strong rebound occurred already the day after the crash, but the week has continued in the same spirit. Traders have begun to see Monday's wild selling pressure as an overreaction, and figures on unemployment benefit applications in the US, fewer than expected, suggest that the downturn scenarios may have been overinterpreted, and Asian stock markets have turned upwards again, following Wall Street.
In Tokyo, the Nikkei 225 index was up 1.6 percent by lunch and the Topix index plus 1.5 percent.
In China, the composite indices in Shanghai and Shenzhen were both up around 0.3 percent.
In Hong Kong, the Hang Seng index was up 1.8 percent, and for South Korea's Kospi index, the increase was 1.5 percent.
