Asian stocks advanced on Thursday after U.S. President Joe Biden and House Speaker Kevin McCarthy underscored their determination to reach a debt ceiling deal soon. This helped ease fears of a potential U.S. debt default as a June 1 deadline looms.
Chinese shares eked out modest gains, with the benchmark Shanghai Composite Index rising 0.4 percent to 3,297.32 after data showed the country's fiscal revenue rose 11.9 percent in the first four months of 2023 from the year-ago period, up sharply from a 0.5 percent rise in January-March.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com