The Asian stock markets edged higher on Tuesday after the US debt ceiling negotiations ended "productive talks" without a deal. On his talks with President Joe Biden, house speaker Kevin McCarthy said that the meeting was productive and professional.

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On the MSCI, Asia Pacific stocks, except Japan rose 0.1 percent. Japan's Nikkei was up half a percent. China's Shanghai Composite Index rose 0.5 percent, while the Hong Kong Hang Seng gained 0.4 percent. South Korea’s Kospi was up 0.4 percent.

The Singapore Exchange Nifty futures, an early indicator of the Nifty index, was last trading 24 points or 0.1 percent higher at 18,359.5 ahead of the opening bell on Dalal Street.

The Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open with gains. The domestic market ended a volatile session high on Monday led by Adani Group stocks and IT shares.

Wall Street indices ended mixed on Monday. The S&P 500 index ended marginally higher. The Nasdaq Composite gained 0.5 percent, and the Dow Jones Industrial Average fell 0.4 percent.

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First Published:May 23, 2023 7:44 AM IST