Asian markets follow US gains on debt deal optimism.
Asia-Pacific markets rose on hopes of a US debt ceiling deal. Nomura downgraded China's full-year growth forecast from 5.9% to 5.5%. Tech stocks climbed higher during Wednesday's rally. Montana became the first US state to impose a complete ban on video app TikTok. House Speaker Kevin McCarthy expressed optimism that he does not foresee a default on US debt payments.