Nikkei Rebounds 890 Points as U.S. Bond Relief Lifts Risk Appetite

Tokyo stocks rebounded on August 20, with the Nikkei 225 closing at 66,216.79, up 890.37 points, or 1.36%, as gains in U.S. equities, a sharp rally in South Korean semiconductor shares and easing global bond-market stress encouraged investors to buy back Japanese shares after two days of heavy selling. The broader TOPIX rose 47.42 points, or 1.18%, to 4,059.73, marking its first gain in four…