Asian Stocks Rebound From Worst Rout Since 2008, Led by Japan

(Bloomberg) — Asian equities rose, helped by bargain hunting after concerns over a hard landing in the U.S. drove a regional benchmark to its worst single-day drop since 2008.

The MSCI Asia Pacific Index jumped as much as 3.9%, heading for its best day since November 2022, following a rout of more than 6% on Monday. Japan led the rebound as the yen eased following steep gains against the dollar that drove the nation’s stocks into a bear market.