Asian stocks rallied on Thursday after news emerged that U.S. Congressional Democrats and Republicans could reach a deal to raise the debt limit by a certain level that could tide the Treasury over until December.Chinese markets remained closed for Golden Week holidays. Hong Kong's Hang Seng Index soared 735.24 points, or 3.1 percent, to 24,701.73.Shares of Chinese Estates Holdings - a former majo...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.