Stocks mixed as US debt bill news offset by Fed, China worries

Hong Kong (AFP) June 1, 2023

Markets were mixed Thursday after the US House passed a bill to avoid a painful default, but as traders turn their attention to the Federal Reserve's next policy meeting and China's struggling economy. After weeks of brinkmanship, Democrats and Republicans came together to push through an agreement to lift the debt ceiling in rare bipartisan cooperation. Hardline Republicans had warned t