Taiwan’s stock exchange rose after a record decline the day before, but lost some of its gains later in the morning amid lingering concerns about the prospects for the US economy and technology businesses.
Japan’s benchmark Nikkei 225 stock index gained over 11% after plunging a near-record 12.4% yesterday, its steepest drop since “Black Monday” in October 1987.
Indian government bond yields are projected to remain stable, while South Korea’s Kospi rebounded over 3% after falling the highest since late 2008.
The rise in Asian markets followed a stunning day on Wall Street on Monday.
All of the major US stock market indexes declined at the start of the day and remained lower until the end.
The Nasdaq Composite, which is largely weighted toward technology companies, fell 3.4%, reaching its lowest level since early May.
The S&P 500, a US index of companies that are expected to be stable and lucrative, fell 3%, its worst day since September 2022.
Similarly, the Dow Jones Industrial Average (DJIA), a measure of 30 major businesses listed on US stock exchanges, closed down 2.6%.
