Asian equity markets rallied for a second straight day as optimism built around the potential end of the U.S. government shutdown, injecting fresh risk-appetite into global markets.
Investor sentiment improved significantly after the U.S. Senate advanced a bipartisan bill that would reopen government funding, a development that brought relief to markets globally and especially in Asia.
The broader lift in markets came amid cross-asset strength: currencies, commodities, and stocks all participated in the up-move. Markets anticipate that once U.S. government data flows resume, clarity on the Federal Reserve’s next policy steps will follow, which further supported sentiment.
For Indian markets, this development bears relevance because improved global risk-appetite tends to bolster inflows into emerging Asian equities, including India.
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