Asia-Pacific markets rise on hopes of US debt ceiling deal, as President Joe Biden and congressional leaders make progress. House Speaker Kevin McCarthy suggests a potential deal by the end of the week, with Biden cutting his Asia trip to focus on negotiations. In Japan, Nikkei 225 and Topix both see gains, while South Korea’s Kospi and Kosdaq rise. Australian stocks also climb as the unemployment rate surpasses expectations. Investor focus remains on Japan’s trade data, revealing decreased imports and weakened demand from China.
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Article Name
Asia Markets Rise on Debt Ceiling Deal Hopes
Description
Asia-Pacific markets rise on hopes of US debt ceiling deal, as President Joe Biden and congressional leaders make progress.
Author
Susan Jane
Publisher Name
CNBC
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