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Yesterday was "Black Monday" and today is "Red Tuesday". After experiencing a "crash-like" plunge, Asia-Pacific stock markets rebounded strongly on Tuesday.

At 2:00 pm Beijing time today, the Ministry of Finance, the Bank of Japan and the Financial Services Agency held a tripartite meeting to discuss the international financial market. After the meeting, Atsushi Mimura, the Deputy Minister of International Affairs of the Ministry of Finance of Japan, said that the meeting exchanged views on the stock market trend and would continue to pay attention to the changes and progress of the financial market and foreign exchange market. The government will work closely with the Bank of Japan and its views on Japan's economic recovery have not changed.

According to the latest news, Jun Azumi, a senior member of Japan's opposition party, said that Bank of Japan Governor Kazuo Ueda will be summoned to attend a meeting of a parliamentary committee this week or early next week to be questioned about the latest policy decisions of the Bank of Japan.

Japanese and South Korean stocks rebound

On the morning of August 6, the Nikkei 225 futures rose 8%, triggering a circuit breaker. The stock market opened sharply higher, and the Nikkei 225 index once rose by more than 3,200 points. At the close, the Nikkei 225 index rose 10.23% to 34,675.46 points, ending a three-day losing streak and standing above the 34,000 point mark. In terms of individual stocks, Keyence rose nearly 18%, Hitachi and Tokyo Electron rose nearly 17%, and Toyota Motor rose nearly 13%. The Topix index in Japan rose 9.3%.

The Korean Composite Index closed up more than 3% at 2522.15 points. Kia Motors rose nearly 7%, SK Hynix, LG Energy Solution, Hyundai Motor and many other stocks rose nearly 5%. The Korean KOSDAQ index rose more than 6%.

In addition, Australia's S&P 200 index closed up 0.41% at 7,680.6 points, while New Zealand's S&P 50 index fell 0.15% to 12,245.76 points.

Analysts said that Japan's economic data and the South Korean government's statement in the morning of the same day had a positive impact on boosting market sentiment.

South Korea said the government and the Bank of Korea have sufficient policy capabilities and will take measures in the event of excessive market volatility, while the foreign exchange and money markets showed a stable trend.

Japan's Chief Cabinet Secretary Yoshimasa Hayashi said that the Japanese government will continue to observe market trends and stabilize economic and fiscal operations. On the other hand, the market has fallen too much in a single day, and there is also a need for a rebound.

The Ministry of Health, Labor and Welfare of Japan released data before the market opened that day, showing that Japan's cash labor income in June increased by 4.5% year-on-year, in line with expectations of a 2.4% increase, and the previous value was revised from a 1.9% increase to a 2% increase; overtime pay increased by 1.3% year-on-year, and the previous value increased by 2.3%. Japan's total household spending in June fell by 1.4% year-on-year, in line with expectations of a 0.9% decrease, and the previous value fell by 1.8%; it increased by 0.1% month-on-month, in line with expectations of a 0.2% increase, and the previous value fell by 0.3%.

A shares closed higher

Today, the three major A-share indices opened higher, fell back in the morning, rebounded in the afternoon, recovered in the late trading and finally closed higher. As of the close, the Shanghai Composite Index rose 0.23%, the Shenzhen Component Index rose 0.82%, the ChiNext Index rose 1.25%, and the Beijing Stock Exchange 50 Index rose 1.51%.

In terms of sectors, education, photovoltaics, games, innovative drugs and other sectors have seen the largest gains, while insurance, online car-hailing, automobiles, banks and other sectors have seen the largest declines. More than 4,700 stocks in the market were in the green.

On the market, the photovoltaic sector led the gains, with many stocks such as Saiwu Technology, Junda Holdings, and Oujing Technology hitting their daily limit.

The education sector saw another surge in daily limit stocks, with Code Education hitting the 20% daily limit, Quantong Education rising more than 11%, and many stocks including Angli Education, Action Education, and Xueda Education hitting the daily limit.

Pharmaceutical stocks continued to be active, with Hehua shares rising for six consecutive days, Doray Pharmaceuticals and Xiangxue Pharmaceuticals hitting the 20% daily limit, and Shutaishen and others rising by more than 10%.

The real estate sector expanded its gains in the late trading session, with Savills and 5I5Home hitting their daily limit, while China Urban Development, Binjiang Group, and TEDA Services rising by more than 5%.

In terms of hot stocks, Zotye Auto hit the daily limit during trading, performing a "ceiling and floor" phenomenon, with a turnover of over 1 billion yuan.

Tenda Technology opened its daily limit near noon, and hit the daily limit again at the end of the trading day, performing a "heaven-earth" performance during the trading session, with an intraday turnover rate of over 86%.

Editor: Peng Bo

Proofreading: Ran Yanqing