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

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Asian shares were mixed in directionless trading Tuesday following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional 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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