Asia shares rallied on Thursday, following Wall Street’s lead, and the dollar held just off a two-month high versus the yen amid signs Washington might be close to a deal to raise the debt ceiling and avert a first-ever default.
On Wednesday, President Joe Biden and top U.S. congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon by pledging to negotiate directly on a deal amid estimates the Treasury could run out of money by the start of June.
Biden will cut short a trip to Asia to return to talks on Sunday.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.