Asian Stocks Up as U.S. Congress Passes Deal

Asian stocks rose, sending the regional benchmark index toward a five-month high, after the U.S. Congress voted to end the government shutdown and raise the debt ceiling.

Honda Motor Co., which gets about 46 percent of its car sales from North America, gained 1.3 percent in Tokyo. Kansai Electric Power Co. added 2.6 percent after the Japanese utility reported an unexpected first-half profit. Boral Ltd. advanced 5.9 percent after USG Corp. agreed to pay the Australian company as much as $575 million to create a jointly owned building-materials business spanning Asia and the Middle East.

The MSCI Asia Pacific Index gained 0.7 percent to 142.06 as of 11:34 a.m. in Tokyo, with more than three shares rising for each that fell. The U.S. ended the nation’s fiscal impasse as the Senate and the House of Representatives voted to halt the government shutdown and raise the U.S. debt limit as the deadline loomed today. President Barack Obama said he will immediately sign the agreement.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.