Asia Markets: Asian markets hold their breath ahead of critical vote in U.S.

Global markets stabilized after skidding a day earlier, though investors were on edge ahead of a vote on U.S. health care later Thursday that could be a barometer for future Trump administration policies.

After U.S. stocks rebounded Wednesday and oil and the dollar seemed to have found near-term support, participants in Asia-Pacific markets were wary.

“There is a bit of cautiousness ahead of the health-care bill,” said Greg McKenna, chief market strategist at AxiTrader.

He said a victory in the U.S. House of Representatives for a Republican proposal to replace the Affordable Care Act — despite some conservative opposition — would be “an unmistakable positive,” showing that the administration can push through tax reform and infrastructure spending.

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