Bargain-Hunting Day on Stock Market as China Cuts Rates

traders European and U.S. shares rebounded on bargain-hunting Tuesday as China cut interest rates after fears of a slowdown in the world’s second-biggest economy sparked a “Black Monday” retreat across global markets.

Another slump in Chinese stocks had sparked pandemonium on the first trading day of the week, wiping about $2.7 trillion off global equities as stock exchanges from London to Buenos Aires were snared in a precipitous plunge