BEIJING — Global markets rebounded Tuesday after China’s central bank cut its key interest rate to support growth in the world’s second-largest economy. Earlier, China’s main stock index closed sharply lower for a fourth day.
US stocks bounced back, with the Dow Jones industrial average jumping more than 300 points in early trading. European markets recovered almost all their losses from Monday, with most rising at least 4 percent.
Also read: How major US stock indexes fared on Thursday