Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, amid worries about growth and interest rates, and increasing concerns over a standoff in Republican-manufactured U.S. debt ceiling confrontation. Asian markets closed mostly lower on Tuesday.
U.S. President Joe Biden and House Speaker Kevin McCarthy said they held productive talks but there was no agreement on how to raise the government's $31.4 trillion debt ceiling.
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