In a year full of debate on whether stocks have peaked, one thing’s clear: volatility is back.
Tuesday’s trading showed that in spades, with Japan’s Nikkei 225 Stock Average sliding 3.5 percent at one point before paring to close 2.1 percent lower. China’s Shanghai Composite Index quickly erased its 1.3 percent slump and soared 0.9 percent as trade talks with the U.S. were said to have resumed. And the Hang Seng Index climbed 0.6 percent after slumping more than 2 percent. U.S. index futures also reversed earlier declines.
