Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Global Stocks Steady After Plunge on Virus, Oil Crash Associated Press BEIJING - Global stock markets rebounded Tuesday from record-setting declines after President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of their losses in Monday's record-setting plunge. London opened 1.8% higher and Frankfurt advanced 1%. China's main stock index rose 1.8% and Tokyo closed up 0.9%. .