Asia stocks waver ahead of ’fiscal cliff’ deadline

Asian stock markets trod water in thin trading on Monday, as hopes faded for a budget deal by the end of the year that would prevent the U.S. from reaching the “fiscal cliff.”

Markets have been on edge as President Barack Obama and Republican leaders squabble over how to reduce the US government’s budget deficit. Neither house of Congress is expected to meet again until after Christmas.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1112036/asia-stocks-waver-ahead-fiscal-cliff-deadline