Pokémon game characters from Japanese video game maker Nintendo are displayed on a subway car in Tokyo, Japan.
Hitoshi Yamada | Noor Photos | Getty Images
Asia-Pacific markets were mostly higher on Tuesday as investors awaited first trading from Japanese subway operator Tokyo Metro.
The company, one of Japan’s leading subway operators and the largest in Tokyo, raised 348.6 billion yen in its initial public offering, Japan’s largest IPO since 2018.
According to reports, the IPO was 15 times oversubscribed and the issue price was 1,200 yen per share, which was priced at the upper end of the pricing range.
Upcoming economic data from Asia includes Singapore’s inflation data for September – which came in at 1.9%, the slowest rise since March 2021, according to a Reuters poll of economists.
Japanese Nikkei 225 Index The stock was trading slightly below its flat line on Wednesday, with the broad-based Topix also inching lower.
Korean Cospi The Kosdaq rose 0.25%, with the small-cap Kosdaq rising 0.51%.
Australian S&P/ASX 200 Index It opened up 0.32% on the day.
Hong Kong’s Hang Seng Index futures were quoted at 20,615 points, opening stronger than the Hang Seng Index’s closing point of 20,498.95 points.
Overnight in America, S&P 500 Index and Dow Jones Industrial Average They ended slightly lower on Tuesday, with both falling for a second day in a row.
The S&P 500 closed down 0.05%, marking the broad market index’s first consecutive decline since early September.
The 30-stock Dow Jones Industrial Average fell 0.02%, but the Nasdaq rose 0.18%.
—CNBC’s Pia Singh and Samantha Subin contributed to this report.
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