Japan stocks rebound as much as 10% after historic losses; other Asia markets also recover

The Reserve Bank of Australia will release its RBA cash rate later today, with economists expecting the rate to remain steady at 4.35%.Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher.— which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained as much as 10% before paring gains to 8%.

The Reserve Bank of Australia will release its cash rate later today, with economists expecting it to remain steady at 4.35%.

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