Asian equities were broadly higher and US stock futures rose on Monday after US president Joe Biden struck a deal with Republican House Speaker Kevin McCarthy that would raise the US debt ceiling and prevent an unprecedented default in early June.
Japan’s benchmark Topix stock index and Australia’s S&P/ASX 200 both rose about 1 per cent, while Taiwan’s Taiex index gained 0.8 per cent. Hong Kong’s Hang Seng was down 0.3 per cent and China’s CSI 300 shed 0.6 per cent.
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