Summary
Stock markets in several countries, including the United States and Asia, rose as U.S. lawmakers took steps to end the longest government shutdown in history. This move boosted investor confidence, despite ongoing concerns about the economy and the valuation of companies involved in artificial intelligence (AI). The proposed bill to fund the government through January still requires final approval from the Senate and the House before reaching President Trump.
Key Facts
- U.S. lawmakers moved to end the longest government shutdown, which has lasted five weeks.
- The U.S. Senate advanced a bill to fund government operations through the end of January, with a vote of 60-40.
- The bill needs approval from the U.S. House of Representatives and President Trump.
- Stock markets in the Asia Pacific region saw significant gains, with South Korea’s KOSPI rising about 3%.
- Japan’s Nikkei 225 and Hong Kong’s Hang Seng also rose about 1.3% and 1.5%, respectively.
- Futures for the U.S.'s S&P 500 and Nasdaq-100 increased by about 0.75% and 1.3%, respectively.
- Concerns remain about AI-linked stock valuations and the impact of tariffs on the U.S. economy.
- Nvidia reached a market valuation of $5 trillion, and Apple surpassed $4 trillion in market value.
