Asian stocks rise despite disappointing China data.

1 min read
Source: Reuters
Asian stocks rise despite disappointing China data.
Photo: Reuters
TL;DR

Global shares remain steady, while the dollar retreats from five-week highs ahead of another round of talks among U.S. lawmakers to resolve the deadlock over the government's borrowing limit. Investors remain wary of negotiations over the U.S. government debt-ceiling, as without an agreement, the government might not be able to pay its bills. Other assets such as commodities got no lift from the retreat in the dollar, as concern about demand from China and the resilience of the global economy dented the likes of copper and crude oil.

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