BANGKOK (AP) - Asian stock markets were mixed today as a partial shutdown of the U.S. government dragged on and the threat of a possible default on its debt increased.
Many investors remained on the sidelines ahead of expected testimony by U.S. Treasury Secretary Jack Lew before lawmakers in Washington.
Officials said he was expected to reiterate that Congress needed to raise the government's borrowing limit, the so-called debt ceiling, to prevent an unprecedented and potentially disastrous default.
President Barack Obama and Republican congressional leaders have failed to reach an agreement on raising the limit that the government can borrow.
Benchmark crude oil rose slightly but remains below $102 per barrel. The dollar gained against the euro and the yen.