While stocks globally took a beating last week on worries about U.S. monetary stimulus ending and economic growth in China slowing, one major market staged a quiet comeback.
Japan's Nikkei closed the week with a rise of over 4 percent, marking its first weekly gain in five weeks. The stock market opened 1 percent higher on Monday on weakness in the yen, before retreating slightly to trade flat around 13,227.
"Clearly a lot of volatility remains in global equity markets, but we believe that the Nikkei is on a generally upward trend," said Makarim Salman, head of Japanese financials research at the brokerage Jefferies in Tokyo. "The yen is on a weakening trend and the earnings outlook has improved for Japanese corporates."
(Read More: Brace for Data Deluge From Japan This Week)