{"id":17299,"date":"2023-06-02T13:19:21","date_gmt":"2023-06-02T17:19:21","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/asian-stocks-cautiously-higher-as-debt-ceiling-bill-moves-forward\/"},"modified":"2023-06-02T13:19:23","modified_gmt":"2023-06-02T17:19:23","slug":"asian-stocks-cautiously-higher-as-debt-ceiling-bill-moves-forward","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=17299","title":{"rendered":"Asian stocks cautiously higher as debt ceiling bill moves forward"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Investing.com — Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China\u2019s manufacturing sector also helped fish local stocks from six-month lows.<\/p>\n

The U.S. House of Representatives voted in favor of a bill to suspend the debt ceiling late-Wednesday, pushing it forward to the Senate as a June 5 deadline for a U.S. default approaches. <\/p>\n

The move helped brew some optimism over avoiding a default in the world\u2019s largest economy, which markets fear could have dire consequences across the globe. U.S. stock market futures, however, showed little reaction to the vote, and were flat in Asian trade. <\/p>\n

China\u2019s and indexes rose 0.6% and 0.4%, respectively, as a showed that the country\u2019s manufacturing sector grew more than expected in May.<\/p>\n

The data was in stark contrast to the results of an released on Wednesday which showed a sustained slowdown in manufacturing, although the divergence could be linked to the difference in scope between the surveys.<\/p>\n

Still, optimism over some resilience in China\u2019s biggest growth engine helped Chinese indexes recover from six-month lows. Gains spilled over into Hong Kong\u2019s index, which rebounded 0.8% on Thursday but remained close to bear market territory. <\/p>\n

But even Thursday\u2019s data highlighted that an economic recovery in China was still running out of steam, amid weak employment and dismal local spending.<\/p>\n

Broader Asian markets were somewhat higher. Optimism over China spilled over into Australia\u2019s index which rose 0.3%. Australian stocks were also supported by stronger-than-expected first quarter data.<\/p>\n

The reading highlights some strength in the Australian economy, as it grapples with high , rising , and slowing .<\/p>\n

Japanese stocks were also encouraged by strong economic data, as first quarter surged more than expected, pointing to a potentially higher revision for first quarter .<\/p>\n

The index and the broader rose about 0.4% each, moving back towards 33-year highs hit earlier. <\/p>\n

On the other hand, South Korea\u2019s fell 0.3%, weighed down by weaker-than-expected and data for May. Manufacturing activity in the country also shrank more than expected.<\/p>\n

Most Asian markets were still nursing steep losses from May, as uncertainty over the debt ceiling dented appetite for risk-heavy assets. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China\u2019s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill to suspend the debt ceiling late-Wednesday, pushing it […]<\/p>\n","protected":false},"author":1,"featured_media":17300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-17299","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAsian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=17299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=17299\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-02T17:19:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-02T17:19:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/LYNXMPEB1H0YB_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17299#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17299\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Asian stocks cautiously higher as debt ceiling bill moves forward\",\"datePublished\":\"2023-06-02T17:19:21+00:00\",\"dateModified\":\"2023-06-02T17:19:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17299\"},\"wordCount\":381,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=17299#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17299\",\"url\":\"https:\/\/ifintechworld.com\/?p=17299\",\"name\":\"Asian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-02T17:19:21+00:00\",\"dateModified\":\"2023-06-02T17:19:23+00:00\",\"description\":\"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=17299#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=17299\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=17299#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian stocks cautiously higher as debt ceiling bill moves forward\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld","description":"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=17299","og_locale":"en_US","og_type":"article","og_title":"Asian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life","og_url":"https:\/\/ifintechworld.com\/?p=17299","og_site_name":"iFintechWorld","article_published_time":"2023-06-02T17:19:21+00:00","article_modified_time":"2023-06-02T17:19:23+00:00","og_image":[{"width":800,"height":517,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/LYNXMPEB1H0YB_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=17299#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=17299"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Asian stocks cautiously higher as debt ceiling bill moves forward","datePublished":"2023-06-02T17:19:21+00:00","dateModified":"2023-06-02T17:19:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=17299"},"wordCount":381,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=17299#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=17299","url":"https:\/\/ifintechworld.com\/?p=17299","name":"Asian stocks cautiously higher as debt ceiling bill moves forward | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-02T17:19:21+00:00","dateModified":"2023-06-02T17:19:23+00:00","description":"\u00a9 Reuters. Investing.com -- Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=17299#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=17299"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=17299#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Asian stocks cautiously higher as debt ceiling bill moves forward"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17299"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17299\/revisions"}],"predecessor-version":[{"id":17301,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/17299\/revisions\/17301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/17300"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}