Japan's stock markets took their biggest dive since 1987 on Monday, sending shock waves through global markets. But the next day, Japanese markets rebounded with force to record the largest daily gain since 2008.
Unexpectedly low U.S. jobs numbers in July and a rise in the unemployment rate, as well as the potential for the Federal Reserve to cut interest rates, led to fears of a U.S. and global economic slowdown, impacting Japanese markets.
"Signs of weakness in the U.S. economy have acted as the spark for these events, while the technical factors in Japanese financial markets are the fuel," said Kyle Rodda, a senior market analyst at Capital.com.
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