BANGKOK (AP) - Asian stock markets withstood some of the gloom seeping into other financial markets as the partial shutdown of the U.S. government dragged on for a third day.
Nonessential public services across the U.S. ground to a halt after Congress failed to approve short-term funding for the government after the fiscal year ended Monday.
Results were mixed and markets in mainland China and South Korea were closed for public holidays.
European Central Bank head Mario Draghi said that the partial U.S. government shutdown was a risk to economic recoveries in the U.S. and globally.
Estimates suggest that a shutdown of two weeks could shave 0.3 percentage points off U.S. fourth quarter growth, according to analysts at Credit Agricole CIB in Hong Kong.
Benchmark crude oil fell below $104 per barrel after jumping up more than $2 yesterday.
The dollar fell against the euro but gained against the yen.