Asian shares were mostly higher Friday as hopes grow that the U.S. Congress will reach a deal to avoid defaulting on the nation's debt.
Japan's benchmark Nikkei 225 rose 0.8% in early trading to 30,827.87. Australia's S&P/ASX 200 gained 0.5% to 7,270.20. South Korea's Kospi added 0.6% to 2,529.68.
Chinese shares fell on renewed worries set off by signs an extended lockdown over the coronavirus pandemic was hurting sales. Also weighing on Chinese shares were inflationary pressures and geopolitical risks, analysts said.
Hong Kong's Hang Seng slipped 1.4% to 19,449.72, while the Shanghai Composite lost 0.7% to 3,274.87.
"While the broader risk environment has been singlehandedly uplifted by progress around the U.S. debt ceiling negotiations, Chinese equities continue to struggle for gains," said Yeap Jun Rong, market analyst at IG.
President Joe Biden, now in Hiroshima for the Group of Seven summit of developed nations, has said he's confident about reaching a deal with Republicans to allow the U.S. government to increase its credit limit and borrow more.
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Tijil takes LGB Formula 4 overall title; Navaneeth seals Continental Cup at National Racing Championship finale
Twenty-two-year-old Bengaluru boy Tijil Rao from Dark Don racing capped a brilliant run to his entire season as he sealed the drivers' championship in the LGB Formula 4 category in the 27th edition of the JK Tyre FMSCI National Racing Championship.
Sinner dispatches Ruud to reach ATP Finals title match
Jannik Sinner moved to within one win of capping his standout season in style when he dispatched Casper Ruud 6-1, 6-2 to reach the title match at the ATP Finals for the second consecutive year.
Aaqib Javed likely to become Pak's new white-ball head coach
Former pacer Aaqib Javed is in line to become Pakistan's new white-ball head coach ahead of the Zimbabwe tour, scheduled to begin on November 24.
Odisha wins 14th Hockey India Senior Men National Championship 2024
The Hockey Association of Odisha on Saturday emerged victorious over Hockey Haryana to claim the 14th Hockey India Senior Men National Championship title at the Mayor Radhakrishnan Hockey Stadium in Chennai.
Women's Asian Champions Trophy: India beat Japan 3-0
Deepika powers the ball over the keeper and into the goal, making it 3-0 in India's favour
Smith reveals plans for facing Ashwin during upcoming Border-Gavaskar Trophy
Australian batter Steve Smith opened up on his battles with Indian ace spinner Ravichandran Ashwin over the years and revealed how he would face him during the upcoming Border-Gavaskar Trophy against India at home.
CNFF-24: A meaningful initiative to encourage responsible film making
It was a film festival with differences that underlined various intriguing contents covering the loneliness in older people, human affection, youth aspiration, environmental protection, and the buoyant flavour of patriotism.
Sanamahi, the supreme God of Meiteis and other indigenous tribes
The story of Sanamahi in Meitei lore parallels the themes of creation seen in scientific theories, such as the Big Bang (Thille Pokaiba), that describe the origin of the universe.
Price of tomato declining: Centre
The Centre on Sunday claimed that the retail prices of tomatoes are on the decline with the fall in mandi prices.
Global pharma sector stares at lack of talent, specific skills: Report
Lack of specific skills and talents has been found to be the biggest obstacle for pharmaceutical companies in their digital transformation journey, according to a new report.
