Asian Markets Claw Back Some of Previous Day’s Losses

Taiwan's stock exchange and other markets in Asia rebounded on Tuesday to recover some of their losses after record-breaking falls the day before.

Transcript

00:00Asian markets have clawed back some of their losses amid worries about the U.S. economy

00:05and tech companies' earnings.

00:07Taiwan's stock exchange closed 3.4 percent higher.

00:10That's after it fell a record 8.4 percent on Monday.

00:14In Japan, the Nikkei closed up 10 percent after it dropped 12 percent on Monday.

00:19It's Thursday since the Black Monday crash of 1987.

00:23Investors are worried the U.S. may be heading for a recession.

00:26They also fear tech companies have overhyped the economic prospects for AI.