Asian stocks showed signs of life Tuesday after a global market rout the previous day, with several markets climbed into positive territory or paring losses after opening sharply lower.
Australian stocks jumped after its central bank cut interest rates by a bigger-than-expected 1 percentage point to 6 percent in response to the unfolding global financial crisis. The S&P/ASX-200 index rose 2 percent to 4,634 after opening down 3.7 percent.
Japan's benchmark Nikkei 225 index erased some losses after briefly falling over 5 percent to below 10,000 for the first time in almost five years. By midday, it was trading about 1.7 percent lower at 10,292.
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