Asian markets climb on U.S. debt ceiling bill passage and Fed pause talk.

Asia-Pacific markets were mostly higher on Thursday after the bill to raise the U.S. debt ceiling was passed in the House of Representatives, advancing it to the Senate just days ahead of the default deadline. India's manufacturing purchasing managers' index surged to its highest level since October 2020, while China's factory activity rose above the 50-mark that separates growth and contraction in May. Japan's factory activity expanded for the first time since Oct 2022, and the Nikkei 225 outperformed major global benchmarks in the month of May.