Learn more

Tokyo stocks rebounded sharply Thursday morning, with the Nikkei index briefly soaring over 3 percent, lifted by buying of chip-related issues and exporters after recent declines and a Wall Street rally overnight. The 225-issue Nikkei Stock Average rose 985.85 points, or 2.77 percent, from Wednesday to 36,605.62. The broader Topix index was up 48.32 points, or 1.91 percent, at 2,578.99. The U.S. dollar briefly rose to the upper 142 yen zone in Tokyo after U.S. inflation data reinforced expectations that the Federal Reserve will cut interest rates by 0.25 percentage point next week, rather than…

cuu