Most Asian, European markets rally on US debt deal hope

Hong Kong (AFP) May 19, 2023

Most markets built on a global rally Friday as traders grow increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a calamitous default. But the regional mood was tempered by losses in Hong Kong and Shanghai fuelled by worries over China's economy. After weeks of lumbering talks on Capitol Hill, congressional leaders appeared ready to put a propo