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Major stocks rose on Wall Street after recovering their sharp losses. The Dow Jones Industrial Average rose 34.31 points to close at 24,423.26 after recovering its earlier drop of 507 points. The S&P 500 climbed 0.2 percent to arrive at 2,637.72 and the Nasdaq Composite advanced 0.7 percent to close at 7,020.52.

Shares of Facebook climbed 3.2 percent while Alphabet, Netflix, and Amazon all gained more than 0.6 percent. Meanwhile, Apple pulled back more than 2 percent to end the session higher by 0.65 percent.

On the other hand, markets in Asia traded mix after following a wild session on Wall Street. Over in China, the Shanghai Composite jumped 0.28 percent and the Shenzhen Composite rose 0.597 percent. However, the Hang Seng index of Hong Kong shed 0.11 percent.

The Nikkei 225 of Japan dropped 0.32 percent and the Topix index fell 0.84 percent to close the day at 1,581.56 at its lowest since September 2017. Shares of Softbank advanced 2.4 percent after the company made a statement that shares of IPO would be priced at 1,500 yen or $13.25 each.

In South Korea, the Kospi index and LG Electronics shares both were higher by almost 2 percent. Over in Australia, the ASX 200 traded flat after shedding its previous gains, despite major sectors experiencing gains.

Shares of Big Four banks of Australia traded mix in the afternoon session. National Australia Bank jumped 0.11 percent and Westpac advanced 0.40 percent. On the other hand, the Commonwealth Bank of Australia traded flat while Australia and New Zealand Banking Group shed 0.20 percent.

The British pound fell to its 21-month low to trade at $1.2577 after the U.K. Prime Minister Theresa May deferred a Brexit vote, which was set to take place in the U.K. parliament on Tuesday.