Asia markets bounce, Tokyo sinks on return

HONG KONG: Asian markets mostly recovered on Thursday from the previous day’s sharp losses but Tokyo tumbled as investors returned from a long weekend to play catch-up, with auto giants hit by the Volkswagen scandal.

The dollar edged up against most emerging market currencies ahead of a closely watched speech later in the day by Federal Reserve chief Janet Yellen, during which markets hope she will provide more clarity on the bank’s plans for an interest rate hike.