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Japanese markets rally after record losses

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Japanese markets rally after record losses

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Japanese markets are up sharply following two days of record losses.

The Nikkei rose 5.68 per cent at the close of trading.

Though concerns over a possible nuclear meltdown in Fukushima remain following Friday’s earthquake and tsunami.

Auto stocks including Mazda, Toyota, Mitsubishi, Nissen, Suzuki and Honda are all up between five and ten per cent.

Toyota has announced it will resume some domestic parts production on Thursday.

In reaction to the Japanese rebound European stocks opened flat as investers watch events in Japan, Bahrain and Libya.