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Asian stocks bounced after tentative steps by eurozone policymakers to tackle a crippling debt crisis, but investors remained wary.
Asian stocks gained some ground on Wednesday, following a rebound in US shares, after the Federal Reserve pledged to keep interest rates near zero.
China’s manufacturing sector posted its best performance in nine months in April, offering fresh evidence the global economy may be picking up.
Fears of deepening recession in the developed world gnawed at investors on Thursday, after glum earnings from US corporate stalwarts.
China’s retail sales data on Wednesday pointed to slowing consumption and the World Bank said more countries are seeking its help.
Evidence of a weakening Chinese economy and poor data from Japan and UK reinforced fears on Tuesday of a prolonged recession.
