NTDTV
Market Report - Nikkei Rebounds
Foto: NTDTV
In today’s Market Report: Japan’s benchmark Nikkei rebounded from a 6-month low.
That brought renewed hope for a global economic recovery despite ongoing concerns over the euro zone debt crises.
Other Asian markets got a lift from Federal Reserve Chairman Ben Bernanke, who told a Congressional committee the U.S. economy would continue to grow.
But that positive outlook didn’t prevent Mitsui shares from tumbling on the Nikkei. The Japanese trading house giant fell 6 percent following BP’s 16 percent dive on Wall Street.
Mitsui holds a 10 percent stake in the BP-operated field in the Gulf of Mexico, where the worst oil spill in U.S history has been unfolding for the last two months.
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