Most Asia stock benchmarks claw back Monday's losses

Singapore

CALM returned to Asian markets on Tuesday following Monday's bloodbath in US and European markets triggered by a spike in Covid-19 cases in South Korea and Italy over the weekend.

Given the recent volatility, AxiCorp chief market strategist Stephen Innes did not find market performance surprising. He said: "On the trading front, it was a very predictable day as flat-out bearish and oversold markets came up for air and booked some profits."