Politics Grapple with Debt Impasse in Dominant Morning Bid.
Talks between President Joe Biden and lawmakers on the US debt ceiling are likely to resume on Tuesday, with both sides showing signs of progress. Equity markets weakened around most of Asia on Monday, while currency markets paid more attention to stunning regional election results in Thailand and Turkey. The yuan touched a fresh two-month low amid worrying signs in data last week that the best part of China's COVID recovery is already behind. Meanwhile, Biden is still planning on attending the G7 summit in Hiroshima.