According to Odaily, the KOSPI index in South Korea expanded its gains to 2.9%. This development came after Bank of Japan Deputy Governor Shinichi Uchida made a statement following 'Black Monday,' assuring that the central bank would not raise interest rates if market instability persists. Uchida's remarks provided reassurance to anxious investors, leading to a rebound in Asian stock markets. Consequently, the Nikkei 225 index surged by up to 3%.