Asian Markets Rise as US Debt Ceiling Deal Brings Relief

President Joe Biden and House Speaker Kevin McCarthy reached an agreement to lift the US debt ceiling, bringing relief to Asian markets

[{"selector":"#anim-fb90e675-d72b-4193-9b1f-67cda6e2abac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(6.875000092169017%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e2bd7b52-d93a-4ea3-aed7-457312a98851","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7aca435b-3025-41cc-b8aa-a373abd7b509","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d3519d9-7d24-4f0f-b4fa-ab350f32a936","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d3e2e0cf-6aa2-4e4a-bd92-418ae117388e","keyframes":{"transform":["translate3d(124.54873%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-628ded9d-cd5b-40af-bbfb-5bc3a73550b1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c095265b-c9e6-4fa1-bfef-bbb34ee6ab7b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The agreement suspends the debt ceiling until January 1, 2025, and includes some curbs on federal spending

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[{"selector":"#anim-23c7fad1-266c-45bf-bb36-8a9766724887","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8178e3b1-7d07-4c9b-a004-dd798a55932c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13a6705a-c46a-42f0-9ee2-08e4cafa39bb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6ed37bb8-8f46-452f-bb69-0abe4a26f185","keyframes":{"transform":["translate3d(124.54873%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52ff8284-e255-4c0d-a0f1-af0bff1d2fea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db2e5525-1096-4bc7-9a1a-5e480db98517","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-55947c5e-fb83-4f6e-b860-e1ed8634b961 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-15.61792549986545%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Market sentiment improved with the news, leading to positive movements in Wall Street and Asian markets

[{"selector":"#anim-c67330f6-3f53-4aea-a04a-787cd4e09d53","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b73c120-c534-4083-84af-c9546a6ad83a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-910e6f87-d43e-430e-b40f-f2f6bf11dd52","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-eeb64ddd-b3a0-4817-9367-f5ece85775be","keyframes":{"transform":["translate3d(124.54873%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-16683740-e676-421c-9ad8-5ee5b9ed0593","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a41e61ab-2511-44bf-b842-61766170c838","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fccf3922-12ae-478c-8958-c6ead9b71cea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] However, concerns persist as the agreement may face opposition from Democrats and Republicans

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[{"selector":"#anim-3f18eada-0c47-41f8-9334-2910f7a3801a","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bda5b54f-cfc7-4678-a3b8-947b37a4fa50","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e05a2d2d-40ac-45e1-a53a-c9388916eb4b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-633b238d-1a4b-4acd-b9a0-227e8c3f3bad","keyframes":{"transform":["translate3d(116.61238%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e3d21ec-6289-4be8-b4d9-b3838e4e277c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f83cdae-2423-4c8a-aa86-9f277686001e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0fa930c9-5df5-41fc-9f43-cbfbc638a259 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.875000025137009%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Avoiding a US debt default is a significant relief for the global economy, preventing market turmoil

[{"selector":"#anim-1af4facb-d4a9-4cb5-99b5-746a098c23c5","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca02b35a-74bd-4d13-a9ac-287201d44ef0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07a0d8e7-8be9-4abe-b32d-8abb252a1b5c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7d011ca7-ec41-4668-863c-d6727bc93ab0","keyframes":{"transform":["translate3d(116.61238%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8987ac30-bf6f-4463-afd3-e9da2359d747","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c035769f-926d-416e-b189-341877d7bc89","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-a7b35ecb-f17c-46f2-b8c1-44bf7ed1e0ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The compromise agreement falls short of substantial spending cuts desired by conservatives and progressives

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