Asian markets mostly down on taper worry, eyes on debt limit – MENAFN.COM

Asian markets mostly down on taper worry, eyes on debt limit – MENAFN.COM

(MENAFN- AFP)

Most Asian markets slipped Tuesday with investors contemplating the prospect of rising US borrowing costs as inflation spikes, while US lawmakers' struggle to raise the debt ceiling is also agitating nerves on trading floors.

Fears over the possible collapse of troubled Chinese developer Evergrande have abated for now, however, though developments on the crisis are being closely followed.