Asian stocks rebound from steep losses; Nikkei surges over 10%

Investing.com-- Most Asian stocks rose sharply on Tuesday after clocking steep losses in the prior session, with Japanese markets recovering the most after tumbling into a bear market.

But Asian stocks were nursing steep losses from the prior session, which were sparked by growing fears over a U.S. recession after underwhelming labor market readings. Both indexes still remained in bear market territory after tumbling between 12% and 14% in the prior session.But markets remained fearful of any potentially hawkish signals from the RBA, given that inflation has remained largely sticky in recent months. The bank is expected to signal that interest rates will remain high for longer.

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