Most Asia markets bounce from losses, Tokyo sinks on return

Tokyo stocks tumbled 2.34% by lunch on September 24, 2015, as trading began for the first time since Friday owing to a three-day public holidayAsian markets mostly recovered Thursday from the previous day’s sharp losses but Tokyo tumbled as investors returned from a long weekend to play catch-up, with auto giants hit by the Volkswagen scandal. The dollar edged up against most emerging market currencies ahead of a closely watched speech later in the day by Federal Reserve chief Janet Yellen, during which markets hope she will provide more clarity on the bank’s plans for an interest rate hike. Stocks and other high-yielding, or riskier, assets took a hit after the Fed’s decision last week to hold — citing China’s woes and a developing market slowdown — fanned concerns about the US and global economy.

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