Asian stocks Market today August 10 2011, South Korea's Kospi

Indonesia stock info Asian stocks Market today August 10 2011, South Korea's Kospi ; Asian shares rebounded in early Wednesday trading, drawing comfort from the U.S., where the Federal Reserve's pledge to keep interest rates low for two more years pushed stocks sharply higher.

"Market sentiment hasn't stabilized yet, so while we'll likely see a relief rally today, it'll be a rocky path to recovery," said Toshiyuki Kanayama, market analyst at Monex in Tokyo.

Japan's Nikkei Stock Average rose 1.8% after three straight days of losses, Australia's S&P/ASX 200 gained 2.8%, South Korea's Kospi Composite advanced 2.3% and New Zealand's NZX-50 added 3.2%.

Stocks that took a heavy beating in recent sessions attracted buyers, although demand was measured across many markets.

In Tokyo, Canon rose 1.1% and Inpex added 2.0%. In Sydney, BHP Billiton advanced 3.1% and Woodside Petroleum rose 3.0%, while Hynix Semiconductor jumped 4.2% and Samsung Electronics added 0.6% in Seoul.

Wednesday's early gains followed losses in most Asian markets on Tuesday.

South Korea's Kospi, which at one point had plunged 9.9%, ended down 3.6% at 1801.35. Hong Kong's Hang Seng Index fell 5.7% to 19330.70, its lowest close in two years. HSBC Holdings fell 7.3%, Standard Chartered dropped 5.6% and Bank of China lost 7.2%.

In Tokyo, the Nikkei Stock Average ended down 1.7% at 8944.48 after falling as much as 4.8%. India's Sensex finished down 0.8% at 16857.90.

Australia's S&P/ASX 200 index ended up 1.2% at 4034.80 after falling more than 5% earlier.

In Europe on Tuesday, stocks snapped a seven-session losing streak, as investors stepped in to buy beaten-down shares after recent marked declines.

Capping a volatile session, the Stoxx Europe 600 index ended 1.4% higher at 232.20, following a 4.1% slide Monday.

Many European shares rebounded. Among them, car maker BMW jumped 6.3% in Frankfurt, and telecom-equipment firm Alcatel-Lucent, which surged 9.2% in Paris.

The U.K.'s FTSE 100 index rallied 2.1% to 5175.50, boosted by an 8.2% leap in shares of InterContinental Hotels Group after the firm reported an increase in first-half profit. Among big decliners, Royal Bank of Scotland Group fell 3.9% and silver miner Fresnillo slumped 7.3%, tracking a drop in silver prices.

Germany's DAX was unable to end in positive territory, falling 0.1% to 5917.08 after a tumultuous session in which the index fell as low as 5502.63. RWE sank 6.3% after the utility firm said first-half net profit fell 22% and cut its earnings forecast.

In Paris, the CAC-40 index rose 1.6% to 3176.19, led by auto-related and technology stocks.

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