Japan stocks rebound more than 10% after historic losses; other Asia markets also recover

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The rebound follows a sharp sell-off in the U.S. with the Dow and the S&P 500 notching their worst sessions since September 2022.

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 were also higher.— which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained over 10%.Sign up for our free Olympics Headlines newsletter.jumped above 4%, while the small-cap Kosdaq was up more than 5%.

The Reserve Bank of Australia will release its cash rate later today, with economists expecting it to remain steady at 4.35%.Watch CNBC's full interview with Bleakley Financial Group CIO Peter Boockvar

 

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