Stocks surge in Asia as US averts default, Fed pause bets rise

SINGAPORE  – Asian stocks jumped on Friday on increasing expectations that the Federal Reserve might stand still on rates and after the U.S. Senate passed legislation lifting the government’s $31.4 trillion debt ceiling, avoiding a catastrophic default. MSCI’s broadest index of Asia-Pacific shares outside Japan surged 2 percent and was on course for its biggest … Continue reading Stocks surge in Asia as US averts default, Fed pause bets rise