Ankara: Asian stocks bounced back on Tuesday after posting a record drop, with Japan leading the recovery amid optimism about being prioritized in US trade negotiations. Japan's Nikkei 225 index rallied by 6.01% to close at 33,008.50 points after US President Donald Trump appointed two Cabinet members to initiate bilateral trade discussions following a conversation with Prime Minister Shigeru Ishiba.

According to Anadolu Agency, Trump emphasized the necessity for Japan to open its market to US products, particularly vehicles. "I said one thing. You're going to have to open up your country, because we sell no cars - like zero cars - in Japan, and they sell millions of cars into our country," Trump stated. This development suggests that Japan may take precedence over other US trading partners in tariff negotiations, positioning Tokyo at the forefront of efforts to ease the levies.

The Asia Dow, which tracks leading blue-chip companies across the region, rose 3.44% to 3,737.96 points as of 0730GMT. The Hang Seng Index, a key benchmark for Hong Kong's blue-chip stocks, increased 1.01% to 20,029 points, after posting a historic 13.2% plunge in the previous session. China's Shanghai Stock Exchange gained 1.58% to 3,145.55 points, while India's Sensex index climbed 2.15% to 74,712.50.

Following the US president's announcement on Monday to add a 50% tariff hike on Chinese imports yet again, Beijing reaffirmed its determination to stand firm. "The US threat to escalate tariffs on China is a mistake on top of a mistake," the Chinese Commerce Ministry said in a statement. The ministry accused the US of employing coercive tactics and highlighted the approach of intimidation. China declared its readiness to confront the situation if the US persists in its current approach.