Asia: Markets up on hopes over shutdown deal, rate cut

Equities in Asia rose on Wednesday as hopes for a US government shutdown deal increased, alongside expectations for a Federal Reserve interest rate cut. A spending bill has passed the Senate and is expected to be approved by the House, potentially ending the shutdown that began on October 1. However, Wall Street showed mixed results, with concerns over tech valuations following a strong AI-driven rally. Analysts noted that while some economic data may be released soon, others could take longer due to disruptions caused by the shutdown.