Asian stocks managed to recover slightly on Tuesday after Wall Street’s rally the previous night, though ongoing concerns about China’s struggling economy tempered the optimism. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2% after a 1.11% drop the day before, which had pushed it to a one-month low.
Japan’s Nikkei also saw a modest increase of 0.4%, supported by gains in financial and consumer sectors.
In the U.S., all three major stock indexes surged over 1% overnight, rebounding from last week’s decline.
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