Asia stocks mostly rise after Wall Street rally stalls
Asia-Pacific markets mostly rose Tuesday, breaking ranks with major Wall Street benchmarks, while Japanese subway operator Tokyo Metro’s stellar market debut boosted investor optimism.
Shares of Tokyo Metro soared as much as 47%, and closed 45% higher.
The company, one of Japan’s leading subway operators and the largest in Tokyo, raised 348.6 billion yen in its initial public offering, the largest IPO in Japan since 2018.
The IPO was reportedly 15 times oversubscribed and priced at the top end of its pricing band, offering shares at 1,200 yen apiece.
Singapore’s core consumer price index — which excludes private transport and accommodation — grew 2.8% in September from a year ago, higher than Reuters poll forecast of 2.7%. The overall consumer inflation rose 2% from the previous year, compared with the expected 1.9%.
Japan’s Nikkei 225 fell 0.8% to end at 38,104.86, while the broad-based Topix dropped 0.55% to close at 2,636.96.
South Korea’s Kospi climbed 1.18%, while the small-cap Kosdaq inched 0.45% higher.
Australia’s S&P/ASX 200 inched 0.13% higher to close at 8,216.
Hong Kong’s Hang Seng index was jumped 1.67%, while mainland China’s CSI 300 was trading up 0.57%. (Cay)
Sumber : CNBC
