US stocks clawed back some of their recent losses on Tuesday, rounding off a day of rebounds in global stock markets after a sharp sell-off during the previous two sessions. Wall Street’s benchmark S&P 500 closed 1 per cent higher, after losing 3 per cent on Monday. The tech-heavy Nasdaq Composite also rose 1 per cent.
” The rally was echoed across other Asian markets, with South Korea’s Kospi up 3.3 per cent on Tuesday. Taiwan’s stock index, which had its worst sell-off in history on Monday, closed 3.4 per cent higher as chipmaker Taiwan Semiconductor Manufacturing Company climbed 8 per cent. Asian markets had reacted “excessively” to US economic risks and geopolitical tensions in the Middle East, said South Korean government officials.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: