Equities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut.

However, a mixed day on Wall Street highlighted ongoing worries about elevated tech valuations following a breathtaking AI-fuelled rally this year.

After passing the Senate, a spending bill to reopen the US government is due before the House of Representatives and then to Donald Trump, with hopes services can resume as soon as Friday.

In a dig at Democrats who he blamed for the closure, the US president said in a Veterans Day speech at Arlington National Cemetery on Tuesday: “We’re opening up our country — it should have never been closed.”

He added: “Only people that hate our country want to see it not open,” he told

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