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After the global market crash on "Black Monday", the market began to stop falling at the opening on Tuesday.

Just now, Japan's Nikkei 225 Index and Topix Index both rose by 8%. Before the market opened, Nikkei 225 Index futures rose by 8%, triggering a circuit breaker upwards.

The yen fell more than 1% against the dollar on Tuesday morning, snapping a five-day winning streak.

South Korea's stock market also stopped falling and surged, with KOSDAQ futures soaring, triggering the "SIDECAR" suspension mechanism.

Bitcoin broke through $55,000 per coin, up 1.84% on the day.

Yesterday, after the Asia-Pacific stock markets plummeted, many countries responded urgently.

According to Reuters, Japanese Finance Minister Shunichi Suzuki expressed strong concern about the stock market decline. Stock prices are determined by the market, and it is important for the government to make decisions calmly.

Shunichi Suzuki said it was difficult to say what was behind the stock market decline.

He added that the government is working with the Bank of Japan (BOJ) and will continue to closely monitor the market and continue to follow the movements in the foreign exchange market. He declined to comment on whether the current yen level is considered too high. Suzuki said that foreign exchange rates should preferably change in a stable manner and reflect economic fundamentals.

Also according to Reuters, South Korean regulators made several comments to calm investor sentiment, with the Ministry of Finance saying it would respond to heightened market volatility in accordance with its contingency plan. South Korean regulators also said Monday's stock market decline was "excessive" and that they would closely monitor foreign exchange and stock markets and take prompt market stabilization measures if necessary.

According to Singapore's THE BUSINESS TIMES, Thai Finance Minister Pichai Chunhavajira said on Monday that the stock market decline was driven by external factors and should be supported by government measures; Thailand will expand the government equity fund to support the stock market by October. Pichai Chunhavajira had previously said that the government fund investing in stocks will increase by 100 billion baht to 150 billion baht.

The decline of US stocks narrowed last night. As of the close, the Nasdaq index fell by 3.43%, and once fell by more than 6% at the opening. Nvidia fell by more than 14% at the opening, and the decline narrowed to 6.36% at the close, with a turnover of US$54.05 billion.

After the market closed, many stocks rose. Nvidia and Tesla both rose 3% after the market closed, and Apple rose 1.15% after the market closed.

Media reports said that some bond traders are betting that the Federal Reserve may ease monetary policy before the next interest rate meeting to prevent an economic recession. Some traders believe that the probability of the Federal Reserve making an emergency 25 basis point interest rate cut within a week is about 60%.

"The Fed needs to lower interest rates," Musk wrote on X. "It's stupid that they haven't done so yet."

Musk made the comments in response to a post on X that said billionaire investor Warren Buffett's Berkshire Hathaway increased its reserves of cash equivalents and short-term Treasury bills after cutting its stock positions, including its largest holding, Apple, by 50%. "He (Buffett) obviously expected some kind of correction, or just thought there was no better investment than U.S. Treasuries," Musk said.

Last night, Dan Bin, chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., posted on Weibo, "Witness a historic moment! Hope to witness a miracle day! There is a high probability that the bottom will be reached this week!" and attached a screenshot of the U.S. stock market.

In addition, Dan Bin also wrote on August 5 that "the current basic situation is not like that in 2008. There is no macroeconomic risk caused by the subprime mortgage crisis. I believe that the interest rate cut cycle + artificial intelligence revolution will allow the Nasdaq bull market to continue. This should be a historical cycle of more than ten years."

Yesterday, A-shares were affected by foreign markets and began to weaken in the afternoon.

CICC said: Looking ahead to the future market, asset prices may have reflected overly pessimistic expectations, and A-share valuations are once again very attractive; at the same time, there have been positive adjustments in recent policy ideas, so there is no need to be too pessimistic about the future performance. It is expected to gradually improve after positive changes in policies and fundamentals.

CITIC Securities Research Report believes that on August 5, overseas stock markets fell sharply, encountering "Black Monday". In the United States, the accelerated weakening of economic data has led to stronger expectations of recession, and the market has entered the risk-off mode. The U.S. bond interest rate and the U.S. dollar index have fallen sharply. The U.S. stock market has experienced a reversal from interest rate cut trading to recession trading + carry trading. Investors are advised to pay attention to undervalued utilities and healthcare industries with strong defensive attributes and abundant free cash flow.

In Japan, the Bank of Japan raised interest rates more than expected, carry trade positions were closed, the yen appreciated significantly, and Japanese stocks plummeted due to the double blow of "recession trade" and "safe-haven trade", leading the decline in global risk assets, with financial and export sectors leading the decline in Japanese stocks.

In terms of global capital, bad news frequently hit technology leaders such as Intel, and the "Buffett effect" made the market worse. The resonant decline of the global AI chain was an important theme in "Black Monday".

The core contradiction at present lies in how to reverse the market's expectations of a US recession. Before the September FOMC meeting, US economic data is in a relative vacuum period. Data such as retail sales and consumer confidence index may not be able to significantly reverse market sentiment. US and Japanese stocks still have the risk of falling. It is recommended to remain cautious on overseas risky assets in the short term.

Editor: Chen Lixiang

Proofreading: Ran Yanqing