Japan stocks rebound more than 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 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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