Australia's Nickel Industries rebounds on recovering nickel prices

** Shares of Nickel Industries NIC rise as much as 3% to A$0.52, their biggest intraday gain since March 26

** Shares of nickel pig iron producer recover after having closed 2% lower on the previous trading session on weakened nickel prices and soured investor sentiment on recession fears

** Nickel prices stabilise on the day as investors await further clues on the outlook for the global economy amid a global trade war

** Shares of co last up 1.5%, down 38.2% YTD