Japanese stocks rebound in record daily gain after slump

The Nikkei 225 stock index in Tokyo experienced a significant one-day gain, rising by 10.23% or 3,217 points, marking its largest daily increase. This followed a sharp fall in the index the previous day, which was attributed to the Bank of Japan's decision to raise interest rates for the first time in 17 years. The move was also influenced by concerns about a potential slowdown in the American economy, which had a negative impact on shares in the UK, Europe, and the US. In contrast, the FTSE 100 in London opened higher, while other Asian markets such as South Korea's Kospi index, Australia's ASX200, and Hong Kong's Hang Seng index showed more modest gains.