Much of the concern over the global outlook has been driven by the Omicron variant of coronavirus.
In Asia, cases of coronavirus have surged in Australia and South Korea, as governments tighten precautions to prevent or curb outbreaks.
Tokyo’s Nikkei 225 index rose 2.1% to 28,517.59 and the Hang Seng in Hong Kong added 1.2% to 23,024.78.
Markets are also still absorbing last week’s momentous move by the Federal Reserve to more quickly remove the aid it’s throwing at the economy, because of rising inflation.
Thailand is mulling tighter precautions after just recently loosening stringent quarantine rules to help its tourism sector recover.