Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles
George Pachantouris | Moment | Getty Images
Asia-Pacific markets opened mostly higher after U.S. President Donald Trump and Senate Democrats reached a provisional agreement to avoid a U.S. government shutdown.
Trump endorsed aSenatedeal to fund the vast majority of the federal government through the remainder of the fiscal year, easing near-term political uncertainty for investors.
Senators clinched a deal with just over a day until a partialgovernment shutdown. They agreed to remove funding for the Department of Homeland Security from the package and pass the other five bills, while DHS will be funded by a stopgap.
South Korea’s Kospi advanced 0.34% while the small-cap Kosdaq slid 0.25%. Japan’s Nikkei 225 was flat, and the Topix added 0.22%.
Australia’sS&P/ASX 200 added 0.44%.
Hong Kong Hang Seng index futures were at 27,829, below the benchmark’s last close of 27,968.09.
Futures tied to theS&P 500were down 0.16%, as wereNasdaq 100 futures.Dow futuresfell 112 points, or about 0.2%.
Overnight in the U.S., theS&P 500fell, bogged down byMicrosoft, as traders reacted to the megacap technology company’s latest earnings results and the Federal Reserve’sinterest rate decision.
The broad market index slipped 0.13% to close at 6,969.01, while theNasdaq Compositedeclined 0.72% to end at 23,685.12. TheDow Jones Industrial Averageadvanced 0.11%, or 55.96 points, and settled at 49,071.56. In cryptocurrencies,bitcoinshed more than 5% and hit itslowest level in almost two months.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
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