Asian stocks fell on Wednesday as the impasse in the U.S. Congress on raising the debt limit and avoiding a default before the October 18th deadline added to worries over inflation and higher interest rates.
Chinese markets remained closed for Golden Week holidays. Hong Kong's Hang Seng Index ended down 137.66 points, or 0.6 percent, at 23,966.49 after a survey showed the country's private sector expanded at a slower pace in September.
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