Asia-Pacific stocks started trading with little movement Friday, following scant moves overnight in the U.S. and Europe.
Investors continue to watch the latest U.S. budget battle on Capitol Hill, where uncertainly over a possible partial government shutdown this weekend continues. While the House late Thursday passed a one-month spending bill, Democrats say they have the votes to block it in the Senate.
“I’ve gone through several of these possible shutdowns and this is the most nonchalant attitude I have seen the market take,” said Stephen Innes, head of trading in Asia at Oanda.
Most Asian indexes were within 0.1% of Thursday’s closing levels, except for Japan’s Nikkei and Taiwan’s Taiex, which both gained 0.3%. The latter hit fresh 28-year highs, as Taiwan Semiconductor—the index’s biggest company—jumped another 1.6% to another record.
The Nikkei was aided by Nintendo jumping another 4%—it’s up 17% this month and just below nine-year highs.
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