Asian equities are faring decently despite the news
Last Friday, US stocks pretty much didn't care for the fact that we were facing an imminent shutdown in the US government and Asian markets are shrugging off the news today as well.
Among the major indices, only the Nikkei and Kospi are down on the day - dragged lower by tech shares mostly. But other than that, the Hang Seng is virtually flat while the Shanghai Composite and CSI 300 indices are up by 0.22% and 0.75% respectively.
Australia's ASX 200 is also a little higher by 0.05% as we head into the close while stocks in Taiwan, Indonesia, and Singapore are all faring well too.
In other markets, the dollar has also recouped early losses from the morning and US 10-year yields continue to trade near 3-year highs posted last week, now at 2.66%. Even though the vote for the funding bill has been pushed to later today, it seems like the market couldn't care less about a US government shutdown at the moment.
Let's see if European markets follow a similar tone later.
