Asian stocks edge higher but US shutdown causes wariness
HONG KONG (Reuters) - The US dollar came off an eight-month low and Asian markets edged higher on Wednesday as investors hoped the first partial US government shutdown in 17 years will be short-lived and not snuff out a spreading but still tepid economic recovery.
Because of the shutdown, investors may face a period when they cannot take cues from key US government data, like the monthly jobs report which is due on Friday but might not come out.
The first significant private survey after the shutdown began - the Institute of Supply Management's report on manufacturing - showed the fastest expansion in almost 2-1/2 years, which helped Asia stocks.
Next up to help gauge health of the US economy is the ADP private sector payrolls report, due later on Wednesday.