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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Equities Extend Recovery, Yen Weakens As Some Calm Returns

The Japanese yen has tumbled more than 10 percent against the dollar this year. (Credit: AFP)

Stocks rose again Wednesday as some stability returned after a volatile start to the week, while the yen weakened further after the Bank of Japan looked to ease worries about more interest rate hikes.

After Monday's collapse that saw trillions of dollars wiped off valuations globally, traders returned to pick up bargains on Tuesday, with Japan's Nikkei bouncing back from a 12.4 percent loss to enjoy a gain of more than 10 percent.

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