BEL 20 rebounds amid global volatility

The Brussels stock exchange is up 1.4 per cent on Tuesday after Monday’s global rout.

The Brussels stock market is recovering after Monday's global sell-off. The BEL 20 index closed the day with a loss of 3.15 per cent but opened on Tuesday with 1.4 per cent gains. Azelis, Solvay and Argenx hauled in the biggest gains. Azelis was up more than 4 per cent, Argenx and Solvay gained more than 3 per cent. AB InBev, Elia and Aedifica faced small losses. 

Elsewhere, stocks are also rebounding. Japan’s benchmark Nikkei 225 share index soared as much as 10.7% early Tuesday. The STOXX Europe 600 rose 0.85%, the U.K.'s FTSE 100 was up 0.4%, France's CAC 40 climbed 0.2%, and Germany's DAX gained 0.7%. 

Global markets tumbled in recent days amid fears of a cooling US economy. Investors are concerned that the Fed may be too slow in loosening its monetary policy to avoid an economic recession. The Japanese stock market took the hardest hit, plunging more than 12 per cent on Monday. 

^{© BELGA PHOTO NICOLAS MAETERLINCK}