Global markets breathed a sigh of relief after the West imposed new sanctions on Russia, which pushed it to rise after it suffered sharp losses at the beginning of trading on Thursday.
Japanese stocks halted a five-session losing streak on Friday, supported by technology heavyweights, and after a massive rebound on Wall Street overnight.
The Nikkei index rose 1.95%, to close at 2,6476.50 points, but fell 2.3%, this week. The broader Topix index increased 1%, to 1876.24 points, but fell 2.5%, during the week.
European stocks rebound
The main European stock index rebounded on Friday after hitting its lowest level in nine months, affected by a rise in late trading on Wall Street yesterday, as investors hunted for shares whose prices fell after intense selling this week, amid an atmosphere of concern over the repercussions of the Russian invasion of Ukraine.
By 08:14 GMT, the European Stoxx 600 index rose 0.8%, after hitting its lowest level since last May in the previous session. The index is on its way to end the week sharply lower.
Nasdaq makes up for its losses
و .غلق The Nasdaq and Standard & Poor’s 500 indices on Wall Street They rose sharply on Thursday as they bounced off a sell-off early in the session after US President Joe Biden unveiled tough new sanctions against Russia in the wake of Moscow’s launch of a full-scale invasion of Ukraine.
The Dow Jones index also ended the session higher.
After consulting with his counterparts in the Group of Seven major industrialized nations, Biden announced measures to impede Russia’s ability to conduct transactions in the world’s major currencies as well as sanctions against state-owned banks and enterprises.
After recording a sharp decline at the beginning of the session due to the news of the Russian invasion of Ukraine, the main US stock indexes recovered from their losses and turned upwards in the wake of Biden’s comments. The Nasdaq plunged more than 3%, at the open.
According to preliminary data, the benchmark Standard & Poor’s 500 index closed up 62.62 points, or 1.5%, to 4288.12 points, while the Nasdaq Composite Index ended the trading session up 435.97 points, or 3.27%, to 13464.29 points.
The Dow Jones Industrial Average rose 86.95 points, or 0.26%, to close at 33218.71 points.