Nikkei rebounds from Thursday losses

<p>The Nikkei has bounced back today.</p>

The Nikkei is up today (May 24th), helping to cancel out the 7.3 per cent losses sustained by the index during yesterday's trading.

It bounced back during the afternoon session after falling again this morning in what has been a turbulent end to the week in Japan.

The Nikkei plummeted yesterday on the back of worse than expected manufacturing data from China and this had an impact on markets all over the world.

At 07:45 BST, the Nikkei was up by almost one per cent on the start of the day. Earlier, it had been down by 1.8 per cent.

Speaking to BBC News, broker with IwaiCosmo Securities Toshikazu Horiuchi said: "Trading is extremely nervous. Once the Nikkei turned into negative territory, selling led to more selling."

The Nikkei has grown by around 50 per cent since the start of the year and until yesterday's drop had been setting new five-and-a-half year highs on a regular basis.

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