Asian stocks rebound after sell-off

At the opening of the trading session on August 6, the Nikkei 225 and Topix indexes of the Japanese stock market both increased by 8%. Currently, the correction is nearly 10%. The stock price of telecommunications giant SoftBank increased by nearly 10%. The shares of major trading companies all increased by more than 8%, with Marubeni alone increasing by more than 13%.

This development is in complete contrast to yesterday's record drop. At the end of the session on August 5, the Nikkei 225 fell by 13% - the most since "Black Monday" in 1987.

The yen weakened against the dollar this morning. It is currently down 0.62% to 145 yen per dollar. The recent strengthening of the Japanese currency has partly caused a wave of selling in global financial markets. Investors have had to sell other assets to repay their previous loans in yen, after the country raised interest rates twice this year.

In South Korea, the Kospi index rose 2.9%. Yesterday, the country's securities authorities used a circuit breaker when major indexes fell more than 8%. Samsung Electronics shares rose 2.1%, while chipmaker SK Hynix added 4.5%. China's CSI 300 index was almost flat. The Shanghai Composite edged up 0.1%. Hong Kong's Hang Seng Index recovered 0.2%. Stocks in Australia, Malaysia, Vietnam and the Philippines all rose.

The Vietnamese stock market also returned to green after yesterday's sell-off. The VN-Index opened above the reference level on August 6, at one point touching 1,200, up more than 10 points. Consumer goods, technology, banking, and securities stocks traded actively. However, investor caution remained high, and demand did not push prices up drastically. Meanwhile, many investors took advantage of the early-hour increase to flip their portfolios, causing the market's green color to quickly narrow.

"After yesterday's historic drop across Asia, largely driven by asset selling to cover leveraged losses, the market is on a solid footing today," said Chris Weston, head of research at brokerage Pepperstone.

Bitcoin - the world's most popular cryptocurrency - is up 3.5% from yesterday, to $55,787 per coin. Yesterday, the price dropped to $49,300. The world spot gold price also increased this morning, currently at $2,412 per ounce. On August 5, the price dropped more than $70 at one point, to nearly $2,360.