The Asian markets were boosted by recoveries in Japan, while in Europe, Frankfurt, Paris, and London all opened up on yesterday’s close.
Shares around the world broadly recovered on Tuesday as markets calmed from the panic after U.S. President Donald Trump’s tariff announcements.
The gains led off in Tokyo where the Nikkei 225 rose to just over 6 percent, closing at 33,012.58, coming off a few days of steep sell-offs.
Comparatively, Chinese markets saw a modest increase after the nation’s sovereign wealth funds stepped in to buy shares, with the CSI300 adding 1.7 percent.
Hong Kong’s Hang Seng climbed 1.6 percent after its 13.2 percent nosedive on Monday, the steepest drop since the 1997 Asian financial crisis.
South Korea’s Kospi picked up 0.3 percent to 2,334.23, while the S&P/ASX 200 in Australia climbed 2.3 percent to 7,510.00.
However, not all Asian markets experienced a recovery, with the Taiwan Weighted Index falling another 5 percent, just a day after suffering its worst tumble on record.
Thai stocks also fell nearly 6 percent in catch-up selling from a holiday on Monday, while Indonesia returned from a week-long holiday to 9 percent losses.
However, the general trend for Asia was still positive, with MSCI’s broadest index of Asia-Pacific shares adding 1.7 percent to climb from its lowest level since February 2024, but much of the rebound came from Japanese shares.
European Markets Recover
European shares picked up on a 14-month low in early trading on Tuesday after four straight sessions of heavy selling, though investors remained wary of tariff-related changes.
The pan-European STOXX 600, which tracks 600 companies across 17 European countries, rose 1 percent by 0709 GMT, after dropping 12.1 percent in the past four sessions as investors worried about a possible global recession.
Germany’s Frankfurt Stock Exchange rose 0.8 percent to 19,975.8, while the Cotation Assistée en Continu 40 in Paris was up 1.3 percent at 7,018.79 and London’s FTSE 100 also picked up 1.3 percent to 7,804.73.
By Guy Birchall
