Asian markets rally with Wall Street on US debt optimism
Stock markets in Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Manila, Taipei and Wellington make healthy gains, fanned by optimism over talks to avert a catastrophic US debt default. – EPA pic, May 18, 2023.
ASIAN investors today tracked a strong Wall Street rally, fanned by optimism over talks to avert a catastrophic US debt default. Markets have been skittish in recent sessions with Republicans and Democrats unable to find common ground as the deadline for a deal to raise the country’s borrowing limit approached.
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