• The Dow Jones Industrial Average .DJI rose 230.94 points, or 0.96 percent, to close at 24,264.30, the S&P 500 .SPX gained 30.24 points, or 1.16 percent, to 2,644.69 and the Nasdaq Composite .IXIC added 100.83 points, or 1.45 percent, to 7,042.11.
Wall Street’s three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading.
Despite big swings in stocks, trading activity in U.S. equity options was muted as expectations for strong corporate earnings quelled the urge to load up on contracts that benefit from a surge in market volatility. The Cboe Volatility Index .VIX, the most widely followed barometer of expected near-term volatility for the S&P 500, closed down 1.04 points at 20.06.
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• Asia Pacific markets gained on Thursday, following Wall Street's rebound after U.S. stocks initially dropped on additional tariffs unveiled by China.
• Japan's Nikkei 225 advanced 0.73 percent and the Topix gained 0.41 percent, with banks notching gains and technology mixed.
• Meanwhile, the Kospi tacked on 0.54 percent as the tech sector rose after declining in the last session, with heavyweight Samsung Electronics up 1.71 percent. Shipbuilders traded higher, while automakers slipped in early trade.
Reference: Reuters, CNBC
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