The rebound comes after intense selling in the previous two sessions. On Tuesday, the index plunged 10.6%, marking the third worst one-day plunge in the Nikkei's history.
Investors in Japan have been stunned by the devastation caused by last week's earthquake and tsunami, including an increasingly dire situation at the Fukushima Daiichi nuclear power plant.
A second fire was discovered Wednesday at the stricken nuclear facility located about 138 miles north of Tokyo. A handful of workers have been struggling to contain a dangerous radiation threat there following three explosions and another fire on Tuesday.
The plant was crippled after a 9.0-earthquake, the fifth-largest worldwide since records began, struck off Japan's coast on March 11. Within an hour, a wall of water measuring up to 30 feet high swept across the Japanese coast, destroying entire towns and villages in its path.
The death toll has risen to 3,373, according to Japan's National Police Agency. At least 7,558 people were still missing as of Wednesday morning, and 1,990 were injured.
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