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Asia shares mixed, markets weigh US debt deal, Korea tension

HONG KONG — Asian stocks were mixed Thursday as investor relief over a Deal on the U.S. borrowing limits was offset by uncertainty over the departure of a senior Fed official and lingering North Korean tensions.

FED IN FLUX: In a surprise announcement, the Federal Reserve said Vice Chairman Stanley Fischer will resign next month for personal reasons, leaving a fourth vacancy on the U.S. central bank’s seven-member governing board.

It plans to slowly raise interest rates as the U.S. economy grows and unemployment falls, even as inflation remains below target, complicating its future course.

Fischer’s resignation, the Debt deal and an unexpected rate hike by Canada’s central bank on strong economic growth “all caught market watchers by surprise,” he said.

The net positive of the deal with the Democrats in the U.S. to raise the debt limit was offset by continued uncertainty created by regional tensions around North Korean nuclear testing.

READ MORE (Seattle Times)

  • South Korea leads gains in Asia as markets reboundMarketWatch
  • Asian shares rise as US debt deal gives investors
  • Most Asian stocks gain on US debt-ceiling dealFin24 (press release)
  • A Tamer Trump ?MarketPulse (blog)
  • World shares mixed, investors await ECB on stimulus plansHickory Daily Record
  • Hong Kong shares gain after US bounce on raised debt ceilingNikkei Asian Review
  • Asia stocks climb after Trump strikes deal to extend debt ceilingFinancial Times
  • Asian stocks advance after Trump strikes debt ceiling deal with DemocratsThe Straits Times
  • Global Stocks Rebound After Trump's Surprise Deal With DemocratsFox Business

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Asia shares mixed, markets weigh US debt deal, Korea tension


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