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Japanese Stocks Rebound on Bargain-Hunting After Major Sell-off


Japanese share prices rebounded sharply Thursday following a major sell off Wednesday that forced the Tokyo Stock Exchange to close 20 minutes early.

The Nikkei Index jumped more than two percent to finish at 15,696. The exchange closed at the usual time, but delayed the afternoon session by 30 minutes to avoid another round of heavy selling.

Japan's main stock index lost almost six percent in the previous two sessions on news that popular Japanese Internet company Livedoor is being investigated for alleged fraud.

Dealers say the sell-off gave investors an chance to go bargain hunting today for technology stocks.

But some analysts warn the rebound may be short-lived, because there are lingering concerns that Livedoor will not be the only company to be accused of criminal wrongdoing.

Some information for this report was provided by AFP and AP .

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