Global stock markets have rebounded from record-setting declines after President Trump said he would ask for a tax cut and other steps to ease the pain of a spreading coronavirus outbreak.
The gains follow Wall Street's biggest one-day drop since the 2008 global crisis. Oil prices also bounced back from a record-setting fall.
Benchmarks in London, Frankfurt, Shanghai and Tokyo advanced. Markets plunged Monday after a squabble among major oil producers about output levels caused crude prices to plummet 25%.
Monday's global selloff also reflected alarm over mounting economic damage from the coronavirus that emerged in China in December.
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