NEW YORK, N.Y. – Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak.
Tokyo's Nikkei 225 reversed early losses to gain 0.7% while the Hang Seng in Hong Kong jumped 0.9%. Shares also rose in Thailand and Australia, but fell in other regional markets.
Monday's 12% drop for the S&P 500, its worst day in more than 30 years, came as voices from Wall Street to the White House said the coronavirus may be dragging the economy into a recession.