Mounting concern that global growth is faltering pummeled shares, emerging-market currencies and commodities last week, and the sell-off deepened.
After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator pledged to buy shares to calm the market and the central bank hinted at more policy easing to boost liquidity.
Chinese shares tumbled on Monday due to a sharp selloff in the financial and property sectors, while a positive handover from Wall Street underpinned gains in the rest of Asia.
Asian shares struggled on Tuesday as investors remained cautious after Chinese trade data showed the world's second largest economy may be able to achieve a soft landing but global growth concerns lingered given the sharp slowdown in US job creation.
Chinese shares fell more than 3% on Monday afternoon, led by banking and property stocks, after a rise in lenders' reserve requirements and talk of a property tax in Shanghai kept bank and developer stocks under pressure.
Chinese shares slipped on Monday, heading towards a key near-term support level, after a rise in lenders' reserve requirements and talk of a property tax in Shanghai kept bank and developer stocks under pressure.