Nikkei bounces back almost 8% on China stimulus hopes

Japan's index sees biggest daily rise since 2008

The Japanese equity market has seen its largest single day jump since 2008, as investor confidence was lifted by expectations of supportive policy measures from China.

The Nikkei 225 index leapt by 7.7% to 18,771 on Wednesday, after falling to an 11-month low the previous day, as equities across the region continued to sell off. Other markets in the region also closed higher, including a 2.3% rise for China's Shanghai Composite and a 4.1% higher closing figure for Hong Kong's Hang Seng. On Tuesday evening China's Ministry of Finance published an article saying it would take "stronger proactive fiscal policy" in a bid to boost the country's sliding growth. Concerns over Chinese growth have been one of the main drivers of recent market volatility, ...