Shares were mostly lower in Asia on Thursday worries about the U.S. economy and a possible default on U.S. government debt pulled Wall Street lower.
Japan's benchmark Nikkei 225 index advanced 0.5% to 30,848.07, extending recent gains as investors bet on higher returns from Japanese companies.
Hong Kong's Hang Seng sank 2% to 17,739.83 as investors fretted over the trajectory for China's economic recovery after the government relaxed pandemic restrictions late last year. The Shanghai Composite index also fell, by 0.5% to 3,188.34.
Simmering tensions between China and the United States over technology and security have added to uncertainties.
In Seoul, the Kospi shed 0.3% to 2,559.56, while Australia's S&P/ASX 200 gave up 0.9% to 7,146.50.
On Wednesday, the S&P 500 lost 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain far apart in talks on raising the debt ceiling to prevent a potentially disastrous default on the U.S. government's debt.
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