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It wasn’t the worst day on Wall Street ever, but it may well have been the weirdest.

TOKYO (Reuters) -Asian stocks bounced off more than one-year lows and U.S. stock futures pointed up on Tuesday, but many investors remained on edge even as they hoped Washington might be willing to negotiate some of the aggressive tariffs that have unleashed turmoil in markets. A 5.6% rebound in Japan's Nikkei far outpaced other regional markets, with Treasury Secretary Scott Bessent tasked with leading trade negotiations with Tokyo. "Importantly, a little ray of sunshine is starting to emerge that gives hope that the U.S. is genuinely open to trade negotiations, (with) the most significant being Japan with Treasury Secretary Bessent," said Tapas Strickland, head of market economics at National Australia Bank.

Humana shares jumped 11% in extended trading on Monday after the federal government said it would pay Medicare insurers more next year than previously expected. Monitor these key chart levels.

Wall Street's top minds aren't happy about Trump's latest tariffs, which have fueled the worst stock sell-off since 2020.

US tech billionaires have lost more than $400 billion in wealth so far this year, with Tesla CEO Elon Musk leading the way with a $130 billion drop.

NEW YORK/LONDON (Reuters) -The U.S. dollar weakened against major currencies including the yen and euro, while China's offshore yuan hit a record low on Tuesday, amid trade disputes sparked by President Donald Trump's sweeping tariffs that have roiled markets for three days. The Japanese yen and Swiss franc continued to benefit from appetite for safe-havens, however, as investors remain concerned about the potential for a global recession. Markets are bracing for a war of attrition between the U.S. and China.

Markets were hit hard on Monday as President Trump’s latest trade war announcements shook global economies.

Chinese state holding companies vowed on Tuesday to increase share investment while a slew of listed firms announced share buybacks as Beijing stepped up efforts to stabilise a stock market rocked by U.S. tariff woes. The announcements by companies including China Chengtong Holdings Group and China Reform Holdings Corp come a day after state fund Central Huijin said it would increase share holdings to steady markets. China's stock market rebounded on Tuesday, clawing back some of Monday's 7% slump, which was fuelled by trade war and global recession fears.

The stock market tumble could have more room to run as tariffs continue to wreak havoc, Morgan Stanley's Mike Wilson said.

Japan's Nikkei share average closed 6% higher on Tuesday, recovering from a 1-1/2-year low hit in the previous session, as investors scooped up stocks, encouraged by signs of a recovery on Wall Street. The Nikkei index climbed 6.03% to 33,012.58, marking its sharpest daily percentage gain since August 6. The broader Topix also recorded a more than 6% gain, closing at 2,432.02.