Asian markets began higher on Tuesday, with Japan’s Nikkei 225 stock index rising 5.5% after falling over 8% the day before.
The rally came after a chaotic day on Wall Street, when US equities plummeted as President Donald Trump vowed to raise his double-digit tariffs further.
A half-hour after the Tokyo market started, the Nikkei 225 soared to 32,819.08.
South Korea’s Kospi increased by 2%, and markets in New Zealand and Australia also rose.
Asian markets tumbled on Monday, with Hong Kong equities falling 13.2%, their worst day since 1997, during the Asian financial crisis.
The S&P 500 ended down 0.2% on Monday as battered financial markets watched to see what Trump will do next in his trade war. If other countries agree to trade deals, he could lower his tariffs and avoid a possible recession. But if he sticks with tariffs for the long haul, stock prices may fall further.
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