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Asian stocks traded mixed after a surge in dip buying sparked a global rebound on Tuesday. Japan’s Nikkei 225 index fell 1.48%, or 514.67 points, to 34,160.79 in early trading. The broader Topix index was nearly flat, with a slight increase of 0.18%, or 4.48 points, to 2,438.69. South Korea’s KOSPI rose 1.20%, or 30.16 points, to 2,552.31.
Overnight, the S&P 500 and Nasdaq both climbed 1% as investors returned to the market following a sharp sell-off. Federal Reserve officials’ recent comments eased U.S. recession concerns. The Dow Jones Industrial Average gained 294.39 points, or 0.76%, to 38,997.66, the S&P 500 added 53.7 points, or 1.04%, to 5,240.03, and the Nasdaq Composite increased by 166.77 points, or 1.03%, to 16,366.86.
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