Asia Markets: Asian markets jump higher as investors brush off possible U.S. shutdown

Asia-Pacific stocks turned broadly higher by midday after a slow start to Friday’s trading, as investors largely ignored ongoing U.S. budget negotiations.

“Equities are the name of the game in Asia at the moment and it’s going to continue,” said Stephen Innes, head of trading in Asia at Oanda, in the wake of strong January gains in the region. “I’ve gone through several of these possible shutdowns and this is the most nonchalant attitude I have seen the market take.”

The House late Thursday passed a one-month spending bill intended to prevent a government shutdown this weekend. Democrats say they have the votes to block it in the Senate.

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