Asian stocks mixed after Wall Street rebound

Overnight, Wall Street's benchmark S&P 500 index gained 1.5%, recovering much of the previous day's loss.

The Shanghai Composite Index rose 0.6% to 3,558.11 while the Hang Seng in Hong sank 0.4% to 27,159.11. On Wall Street, the S&P 500 rose to 4,323.06, recovering most of its 1.6% decline on Monday, its biggest in two months. The Centers for Disease Control has said an estimated 83% of U.S. cases in the U.S. are tied to the virus's delta variant.

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