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Japan stocks rebound

All eyes are still on the unfolding events at Fukushima and beyond.
Japan quake tsunami 2011 03 11Enlarge
Vehicles are crushed by a collapsed wall at a carpark in Mito city in Ibaraki prefecture on March 11, 2011 after a massive earthquake rocked Japan. (Jiji Press/AFP/Getty Images)

Japanese stocks in Tokyo rebounded sharply today, following Tuesday's near 11-percent crash.

The benchmark Nikkei index rose 5.7 percent, as investors continued to watch the dramatic events unfolding at Japan's Fukushima nuclear plant, and whether beleagured officials will be able to avert catastrophe.

Stocks across Asia were also mostly higher. They rebounded in Europe, too.

But Wall Street appears headed for another weak start, and investors worldwide remain on edge as Japan teeters on the brink of nuclear disaster.

"Uncertainty in the Fukushima nuclear power plant is clearly making market participants very nervous," Kazuhiro Takahashi, general manager at Daiwa Securities Capital Markets in Tokyo told Reuters.

Uncertainty, too, over how all of this will affect this global economy is also driving fear, caution and worry.

And let's not forget the Middle East, where Bahrain has declared a state of emergency, and forces loyal to Libyan leader Muammar Gaddafi continue their assault on rebel positions.

Yes, there's plenty to worry about.

Stay tuned.

http://www.globalpost.com/dispatches/globalpost-blogs/macro/japan-stocks-rebound