Stocks in Asia are set to resume declines following a frenzy of dip buying that fueled a rebound in most markets across the globe on Tuesday. US futures fell in early trading.
Equity futures pointed to drops in Tokyo and Sydney, though Hong Kong was set to gain after four days of losses. The S&P 500 and Nasdaq 100 rose on Tuesday — following a Japanese-led rebound in Asia — with both climbing 1% as buyers scooped up bargains after a rout that shook markets around the world. Wall Street’s “fear gauge” — the VIX — saw its biggest plunge since 2010.
