Skip to Content

Asian shares rise as receding debt fears spur Wall St rally

KTVZ

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Asian shares have gained, tracking a rally on Wall Street after signs of progress on resolving the standoff in Congress over the debt ceiling. Benchmarks in Japan, South Korea, Australia and Hong Kong are higher in early trading. Shanghai trading is closed for a Chinese national holiday. Analysts say the vaccination rollout will speed up a lifting of measures to curb the spread of COVID-19 restrictions and lead to a gradual regional recovery. But areas where the rollout has been slower are at risk for setbacks. Stocks closed higher on Wall Street as investors recovered from nearly a week of volatility. 

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content