Asia Markets Cautiously Higher Amid US Debt Jitters And Tax Bill Progress

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Asia Markets Cautiously Higher Amid US Debt Jitters And Tax Bill Progress - Business Today

Quick Summary:

Asian shares made modest gains on May 23 as investors weighed signs of US fiscal strain against optimism surrounding the passage of US President Donald Trump’s controversial tax bill through the House of Representatives.

Moving forward, with US fiscal policy now in sharper focus and bond markets flashing warning signals, investors in Asia are proceeding with caution.

In Japan, yields on 30-year government bonds hovered near record highs at 3.175%, surging 23 basis points this week.