Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
China's manufacturing activity saw its best performance in 11 years, sparking a rise in Asian stocks and commodities. The data showed that the world's second-largest economy is seeing a solid rebound following the lifting covid restrictions.
Due to recession fears, China's GDP release, and the BOJ's upcoming monetary policy decision, Chinese stocks fell while Japan's market saw a rise on Tuesday. Read more about the latest market trends in Asia.
Asian financial markets can be a force to reckon with over 85% of the world's population living there. Read more about Asian stock markets, Asian stocks, and their different types.
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