Asian Markets Sink as U.S. Debt Ceiling Talks Stall

Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled U.S. debt ceiling talks to avert a painful default. The optimism that flowed through trading floors at the start of the week has given way to trepidation, with several Republicans questioning an early June deadline, and some even saying the country is nowhere near running out of cash anyway. All eyes are now on Washington, where Joe Biden and House Speaker Kevin McCarthy have had a number of meetings to find a path to lifting the borrowing limit from the current $31.8 trillion. The…