Japan’s Nikkei jumped by nearly 11% after its biggest fall since 1987 on Monday, while Taiwan, India and South Korea all rebounded on opening this morning.
Markets in Asia have rallied after worldwide plunges on Monday amid fears the US may be in recession.
Taiwan’s stock exchange jumped following a record drop a day earlier, but shed some of the gains later in the morning amid lingering concerns over the outlook for the US economy and tech companies.
Japan’s benchmark Nikkei 225 share index soared nearly 11% after it plunged a near record 12.4% yesterday – its biggest fall since « Black Monday » in October 1987.
Indian government bond yields are expected to remain steady while South Korea’s Kospi was up almost 3% after dropping on Monday by the most since late 2008.
The rally in the Asian markets came after a dramatic day on Wall Street on Monday.
All the major US stock market indexes fell at the opening bell and continued to drop up to the close.
The Nasdaq Composite – the index heavily made up of technology companies – finished down 3.
