Asia-Pacific markets are largely higher after U.S. President Joe Biden signed into law a debt ceiling bill that allowed the U.S. to avert defaulting on its financial obligations over the weekend.
The compromise debt ceiling bill passed the Senate by a 63-36 margin Thursday evening, winning enough support from both parties to overcome the chamber's 60-vote threshold to avoid a filibuster. On Wednesday, it moved through the House after about 72 hours, passing 314-117.
In Japan, the Nikkei 225 rose further after leading its global peers for the month of May, gaining 0.97%, while the Topix opened 1.16% higher.
The next level to watch for investors will be the 32,644 mark which would breach its highest since July 1990. South Korea Kospi inched up 0.44%, but the Kosdaq was down marginally. Australia's S&P/ASX 200 was up 0.99% ahead of the country's central bank rate decision tomorrow.
Source : CNBC
