TOKYO -- While Japan's benchmark Nikkei Stock Average recorded its two worst daily sell-offs on Friday and Monday, it was also tanking by around 20% in three trading days going back to Thursday, wiping out its year-to-date gains.
Strong U.S. service sector data for July, released overnight Japan time, however, assuaged concerns of a recession, helping to give the Nikkei index a nearly 11% bounce at one point Tuesday morning.
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