Stock market today: Asian shares mostly rise on hopes for US debt deal, but China declines
Asian shares are mostly higher as hopes grow that the U.S. Congress will reach a deal to avoid a default on the nation’s debt
By YURI KAGEYAMA
Published - May 19, 2023, 03:18 AM ET
Last Updated - Jun 21, 2023, 06:03 PM EDT
TOKYO AP" target="_self">(AP) — Asian shares were mostly higher Friday as hopes grow that the U.S. Congress will reach a deal to avoid defaulting on the nation's debt.
Japan's benchmark Nikkei 225 rose 0.8% to finish at 30,808.35. Australia's S&P/ASX 200 gained 0.6% to 7,279.50. South Korea's Kospi added 0.9% to 2,537.79.
Chinese shares fell on renewed worries set off by signs an extended lockdown over the coronavirus pandemic was hurting sales. Also weighing on Chinese shares were inflationary pressures and geopolitical risks, analysts said.
Hong Kong's Hang Seng slipped 1.3% to 19,475.08, while the Shanghai Composite lost 0.4% to 3,283.60.
