Stock markets rebounded Tuesday after tumbling over the Ukraine crisis, AP reported. Oil prices dropped after spiking 2.3 percent Monday on Ukraine. Russia is one of the world's leading energy exporters. Futures pointed to a comeback on Wall Street. Dow futures and S&P 500 futures were both up 0.7 percent. In Asia, Japan's Nikkei 225 added 0.5 percent to 14,721.48 and Hong Kong's Hang Seng rose 0.7 percent to 22,657.63. The Sensex in India gained 1.2 percent to 21,187.89 and Australia's S&P/ASX 200 rose by 0.3 percent to 5,400.20. Other markets continued the downward trend of the previous day. China's Shanghai Composite edged down 0.2 percent to 2,071.47. South Korea's Kospi fell 0.5 percent to 1,954.11. Markets worldwide suffered a sharp sell-off Monday after Russian forces entered the strategic Ukrainian peninsula of Crimea. European markets regained their footing. Germany's DAX climbed 1.1 percent to 9,465.43 and the CAC-40 in France gained 1.5 percent at 4,348.75. Britain's FTSE 100 jumped 1.3 percent to 6,795.29. Benchmark U.S. crude for April delivery was down $1.11 to $103.81 a barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $2.33 to close at $104.92 a barrel on Monday. In currencies, the euro inched up to $1.3750 from $1.3736 late Monday. The dollar rose to 101.76 yen from 101.54 yen.
