European stocks opened higher on Wednesday, with global markets heading higher after Monday's sharp decline.
The Stoxx 600 index was up 0.7% at 8:55 a.m. London time, with most sectors and regional bourses higher. Banks rose 1.68%, while healthcare stocks fell.
Regional markets have been volatile since the sharp declines in global markets on Monday, with European markets opening higher on Tuesday and then falling in a session marked by declines.
However, Wall Street recovered on Tuesday, breaking a three-day losing streak, boosting global sentiment. Asian markets were higher in overnight trade, while U.S. stock futures rose late Tuesday.
In Asia, the Nikkei index rose more than 400 points to close at 35,089.62, after rising more than 10% on Tuesday, recovering from losses on Monday, its worst day since 1987, according to the Associated Press.
The gains came after a Bank of Japan official said that although the central bank raised interest rates a week earlier, from 0.1% to 0.25%, monetary policy remained accommodative.
Hong Kong's Hang Seng Index erased early losses and rose 1.2% to 16,849.74 points, while the Shanghai Composite Index rose 0.1% to 2,869.83.
South Korea's Kospi rose 1.8% to 2,568.41 and Taiwan's benchmark jumped 3.9%, with both markets among the biggest losers in Monday's sell-off due to the heavy weighting of technology stocks that have seen the biggest losses in recent weeks.
Australia's S&P/ASX 200 rose 0.3% to 7,699.80 points.
