Stock market today: Asia shares mixed as investors await debt ceiling vote, eye China economy

Japan's benchmark Nikkei 225 rose 0.3% to 31,328.16. Australia's S&P/ASX 200 edged down 0.1% to 7,209.30. South Korea's Kospi jumped 1.0% to 2,584.90.Hong Kong's Hang Seng was up less than 0.1% at 18,553.22. The Shanghai Composite fell less than 0.1% to 3,221.01.

China's recovery from virus-related disruptions during the past several years appears to be faltering, adding to worries over the regional economy. World shares finished mostly higher Monday after President Joe Biden and House Speaker Kevin McCarthy reached agreement on a deal to raise the U.S. national debt ceiling. Now Biden and McCarthy are working to gather votes needed to gain congressional approval in time to avert a default.

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Stock market today: Asian markets mostly higher after Biden-McCarthy deal on U.S. debtAsian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling, though the measure requires approval by Congress.
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Debt deal could boost unloved corners of U.S. stock market, though risks loomCyclicals and small caps are poised to benefit, according to some investors
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