Bangkok (AP) -- Asian stock markets rose on Wednesday, the U.S. political leaders seem to be closed budget agreement, in order to avoid "fiscal cliff" year-end deadline. Economists warned that the economy back into recession, may be out no deal.
Japan's nikkei 225 index rose 1.1% to 10034.45. Hong Kong's hang seng index rose 0.7% to 22640.25. Australia's S&P/ASX 200 index rose 0.3% to 4608.90 point. In New Zealand, Taiwan, Malaysia's benchmark also has rise up, and in Singapore and China fall. The stock market in South Korea's presidential election on Wednesday because of public holiday shut down.
The stock market has been at the edge of the President barack Obama and republican leaders automatically taxes and cutting government spending struggle before January 1, finalize the agreement will take effect, if there is no deal.
Both parties seemed to be in closer, the income tax of at least.
On Monday, Obama proposed freezing income is less than $400000 tax payers rate, and improve them to make more people. Earlier, Mr Obama needs to higher taxes on personal income of more than $200000 or $250000 couples.
The speaker of the house republican John boehner will allow income tax rate increased to more than $1 million a year, and will keep interest rates unchanged, each of them this reduces. Income of over $1 million top rate from 35% to 39.6%. Before this, borna against allowing any rate go up.
"To tell you the truth, in the current digital is not related, the final transaction settlement before, will change many times, in Melbourne IG Markets of say:" Cameron peacock in an email comments. "What is important and what is to promote the market is going higher, both sides now have a constructive discussion, specific tax level and consumption plan and work toward a common central area.
Investors have also been improving mood after the s&p rating agency said on Tuesday, it puts forward six gap Greek credit rating by B -, and to promote the country's default. In the first half of this year the Greek default threat disturbed the market.
Investors worry about debt heavy country will quit the euro zone, open a break up currency block way. Rating company said, upgrade reflects its views, determined to keep monetary union of Greece, in 16 countries using the euro.
In Japan, the focus is still on the weekend's election with a landslide victory beat liberal Democratic Party leaders, online become prime minister, shinzo Abe to support economic growth has higher public works spending. Although the consequences of attention, increase the Japanese high public debt and loose policy effectiveness of doubt.
In electronic trading on the New York mercantile exchange January delivery benchmark crude oil rose 2 cents to $88.42 a barrel. On Tuesday the contract rose 73 cents at $87.93 on the New York mercantile exchange.
In currency markets, the euro against the dollar rose $1.3220 to $1.3226 on Tuesday night in New York. Dollar rose to 84.36 yen, from 84.20 yen.




Other News:
Asia stocks rise over US budget deal optimism
Obama makes new fiscal cliff tax offer as talks pick up
Samsung drops Apple sales case in Europe
Nissan invests ?250m in Sunderland
S&P raises Greece's credit rating
Clinton gets accountability report on Benghazi attacks
South Koreans vote in tightly fought presidential poll
Walmart Pulls Bushmaster Rifle From Website In Wake Of Newtown Shooting