Nikkei rebounds from 8-month lows as bargain-hunters prop auto shares

By Hideyuki Sano TOKYO, Aug 23 (Reuters) - Japan's Nikkei share average jumped on Monday, after plumbing an eight-month low in the previous session, as auto-related stocks rebounded from losses following Toyota Motor's announcement of slashing global production by 40% next month. The Nikkei rose 1.78% to 27,494. If you loved this informative article and you wish to receive much more information about เครดิตฟรี assure visit our website. 24 on bargain-hunting after it hit its lowest since December on Friday. "The rally today seems to be driven mostly by short-covering after big plunges," said Masato Kogure, group leader of execution at Tokai Tokyo Securities. The market shrugged off a defeat of Prime Minister Yoshihide Suga's close ally in a mayoral election in Yokohama, Suga's own constituency.