Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
The market is just too dangerous to trade amid the political stalemate in Washington, analysts told CNBC.
Investors have grown increasingly nervous about a U.S. debt default, with one analyst describing a potential default as a 'neon swan' event.
The rupiah has been one of the world's worst performing currencies this year, but Indonesia's Finance Minister said he was comfortable with its value.
While the U.S. government shutdown and impending debt-ceiling debate has investors transfixed, they need to keep an eye on developments in Japan.