Most Asian markets rose for the second day in a row Tuesday as US lawmakers edged towards ending a record government shutdown.

The prospect of an end to the Washington standoff, which moved into its 41st day Monday, came amid a revival of demand for tech giants despite growing fears of an AI-fuelled bubble.

Senators on Capitol Hill passed the compromise budget measure on Monday night after a group of Democrats broke with their party to side with Republicans on a bill to fund departments through January.

It is hoped the bill will then pass the Republican-held House of Representatives and head to Donald Trump's desk, with some suggesting the government could reopen Friday.

"It appears to us this morning that our long national nightmare is finally coming to an end, and we're grateful for

See Full Page