Wall Street shares opened sharply higher on August 26, with the Dow Jones 1.3% up, after losing ground on August 25.
At the same time, European stock markets lost ground as fears persist of a China-led economic downturn.
London’s FTSE 100 closed down by 1.7% , with markets in Paris and Frankfurt finishing down by 1.4% and 1.3% respectively.
The Shanghai index fell 1.27% to 2,927.29 on August 26, after veering in and out of negative territory.
Elsewhere in Asia, the region’s largest index, Japan’s Nikkei 225 finished 3.2% higher on Wednesday at 18,376.83 points.
The Nikkei’s gains come after a painful week for the Tokyo index, which had shed more than 8% in the past two sessions.
South Korea’s Kospi index was also in positive territory, closing 2.6% higher at 1,894.29 points, while in Australia, the S&P/ASX 200 finished 0.7% up at 5,172.80.