The Athens stock market posted gains of over five percent Tuesday morning in the wake of a more than 10 percent drop the previous day during the ferocious global stock rout.

During mid-morning trading, the Athex Composite surged 5.31 percent after plunging 10.54 percent amid "Black Monday" turmoil across global markets panicking over feared economic slowdown in China.

Among other European bourses rebounding Tuesday, Paris gained 3.15 percent, Lisbon rose 3.13 percent, Milan increased 3.43, Madrid gained over three percent and Moscow climbed 2.25 percent.