Asian shares rise as receding debt fears spur Wall St rally

Published October 6, 2021 8:16 PM

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Asian shares are higher, 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 advanced. Shanghai trading is closed for a Chinese national holiday. Analysts say vaccination rollouts in the region will speed up a lifting of measures to curb the spread of COVID-19 restrictions and lead to a gradual recovery. But the risk of setbacks remains. 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

News Channel 3 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.