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.
In Japan, the Nikkei 225 index fell another 307.1 points, or 0.8%, to 38,104.86.
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.
In Hong Kong, the Hang Seng Index galloped 261.2 points, or 1.7%, to 20,760.15.
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%.
In other markets
In Shanghai, the CSI 300 gained 15.43 points, or 0.4%, to 3,973.21.
In Taiwan, the Taiex dumped 200.67 points, or 0.9%, to 23,334.76
In Korea, the Kospi index regained 28.92 points, or 1.1%, to 2,599.62.
In Singapore, the Straits Times Index recovered 13.37 points, or 0.4%, to 3,600.78.
In New Zealand, the NZX 50 stepped back 25.55 points, or 0.2%, to 12,787.60
In Australia, the ASX 200 inched higher 10.34 points, or 0.1%, to 8,216.01.