Japanese equities came under pressure again as domestic chip stocks followed an overnight slide on Wall Street

Indexes across the region recovered more of their Monday losses as an air of calm returned to trading floors

Stocks in Japan rebounded dramatically on Tuesday, enjoying the biggest one-day percentage rise since October 2008, while other markets in Asia also got a lift

The Nikkei in Japan suffers its biggest ever one-day loss, plummeting by a whopping 13%, while Taiwanese and Korean shares both sank by more than 8%.

Japan’s benchmark index endured a bruising day, seeing its biggest daily percentage fall in more than four years

China’s manufacturing activity shrank for the first time in nine months in July while Japan’s currency peaked at a four-month high

Japan’s surprise rate hike fuelled a banking and tech stocks rally while hope of more stimulus from Beijing boosted Hong Kong shares

BOJ decides to raise the overnight call rate to 0.25%. It also unveiled plans to halve monthly bond buying to 3 trillion yen ($19.6bn) by early 2026

Faster-than-expected second-quarter growth in the US lifted the mood on most trading floors though there was also a post-typhoon Taiwan drag

Planning agency says it will use $20.7 billion from special bonds being issued this year to subsidize replacement home appliances, cars, bicycles and other items

Poverty charity Oxfam warned of “obscene levels” of inequality ahead of a G20 summit in Brazil this week

Share indexes across the region retreated as confidence in Big Tech’s fortunes waned off the back of some tame earnings posts