Asian markets experienced a rebound on Tuesday after a global sell-off due to escalating US-China trade war fears. The Nikkei 225 in Japan surged, and Australian stocks also saw an increase following a significant decline on Monday. China has pledged to retaliate against US tariffs, contributing to market volatility. Oil prices decreased, while gold prices rose as investors sought safe-haven assets amidst uncertainty. This development signifies a shift in market sentiment after recent turbulence caused by trade tensions between the two economic powerhouses.