US stocks are leading the recovery, with the Dow Jones Industrial Average and the S&P 500 gaining around three percent during early trading on Wall Street.

European stocks are mixed, with London’s FTSE up over two percent and Germany’s DAX about one and a half percent higher. France’s CAC bucked the trend, trading over 10 percent lower as of 2:00pm GMT.

Asian stocks finished strong, with the Shanghai Composite closing 1.82 percent higher, Hong Kong’s Hang Seng gaining 1.41 percent and Japan’s Nikkei up 0.85 percent.

Global markets suffered a historic selloff on Monday, with the Dow dropping a record 2,013 points. The crash happened amid growing concerns over the coronavirus outbreak and followed a steep drop in oil prices after Saudi Arabia announced it was boosting crude production by 25 percent in an escalating conflict with other global producers.

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