He attributed Tuesday morning's drop in U.S. equities largely to Chinese stocks declining and a Chinese official telling American investors that Beijing did not "fear" a trade war with Washington.
However, the Dow Jones Industrial Average staged a bit of a comeback Tuesday afternoon, closing 126 points lower. The blue-chip index was down as much as 584.62 points earlier in the day.
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• European shares attempted a tentative rebound on Wednesday after five straight sessions in the red, with disappointing results in the banking sector weighing on indexes even after a number of positive trading updates, such as France’s luxury group Kering.
The pan-European STOXX 600 STOXX was up 0.45 percent at 0721 GMT, lingering close to lows not seen since December 2016 after a new market scare hit global markets this week.
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• Asian stocks turned up on Wednesday as fresh signs of stimulus from China propped up sentiment despite Wall Street’s overnight losses, while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.2 percent following a decline of more than 2 percent in the previous session.
• Japan’s Nikkei on Wednesday recouped some of the previous day’s hefty losses but gains were limited as investor sentiment was still fragile after the recent heavy selling in global shares.
The Nikkei share average ended 0.4 percent higher at 22,091.18, making a turnaround from negative territory after risk appetites recovered on rising Chinese shares. The benchmark index dropped 2.7 percent on Tuesday, hit by a pullback in global equities.
• Shares in China struggled to emerge from a slump on Wednesday, with the country’s main stock indexes ending slightly higher, as robust earnings partly offset ongoing concerns over pledged share risks and economic growth.
The Shanghai Composite index gave up ground after gaining 1.5 percent at midday to end up 0.33 percent at 2,603.30 points.
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