Asian Market Updates

Asian Shares Rally Amid U.S. Debt Ceiling Progress

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.

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by RTTNews Staff Writer

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