Japan's benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street, while other world markets appeared to have settled after the rollercoaster ride that started the week.
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The unemployment rate remained 3.6% for a fourth straight month, matching a near-50-year low.
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Shares in Asia and Europe also made gains and oil prices also rose.
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The S&P 500 fell 2.8% and the Dow Jones industrials lost 2.4%.
Tesla shares jumped nearly 11% in after-hours trading and have gained about 388% so far this year.
Stocks fell sharply on Wall Street, pulling the Dow more than 1,800 points lower and placing the S&P 500 on track for its worst day in nearly three months.
Stocks plunged on Wall Street as investors feared that a virus outbreak that originated in China will dent the global economy.
President Donald Trump says products coming from China that were slated to be hit with a 10% tariff on Sept. 1 will now face a 15% tariff.
Major U.S. indexes are closing at record highs on a holiday-shortened trading day. The Dow Jones Industrial Average on Wednesday easily beat the record it marked in October.
Stocks are closing sharply lower as an escalating trade war between the U.S. and China rattles investors.