Global Markets React to US Debt Ceiling Deal with Mixed Results
Asia-Pacific markets are mixed ahead of the U.S. vote on the debt ceiling deal, with Japan's Nikkei 225 and Topix sliding, South Korea's Kospi climbing, and Australia's S&P/ASX 200 trading close to the flatline. Hong Kong stocks snapped a four-day losing streak, while mainland Chinese markets were mixed. Softbank shares tumbled almost 4% on Tuesday, leading losses on Japan's Topix index. Japan's unemployment rate fell slightly to 2.6% in April, lower than March's figure of 2.8%. China's purchasing managers' index readings for May, Bank of Thailand's meeting, and South Korea's inflation and GDP reports will be in focus this week.