Pokemon game characters of Japanese video game manufacturer Nintendo are on display on a subway train car in Tokyo, Japan.
Hitoshi Yamada | NurPhoto | Getty Images
Asia-Pacific markets mostly rose Tuesday, with investors awaiting the trading debut of Japan’s 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, 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.
Economic data that will be coming out of Asia includes September inflation numbers from Singapore — expected to come in at 1.9%, its slowest rise since March 2021, according to a Reuters poll of economists.
Japan’s Nikkei 225 traded just below the flatline on Wednesday, with the broad based Topix also down marginally.
South Korea’s Kospi climbed 0.25%, and the small-cap Kosdaq rose 0.51%.
Australia’s S&P/ASX 200 started the day up 0.32%.
Futures for Hong Kong’s Hang Seng index stood at 20,615, pointing to a stronger open compared to the HSI’s close of 20,498.95.
Overnight in the U.S., the S&P 500 and the Dow Jones Industrial Average ended Tuesday marginally lower, both posting a second straight day of losses.
The S&P 500 ended the session lower by 0.05%, and it was the broad market index’s first back-to-back loss since early September.
The 30-stock Dow slid 0.02%, but the Nasdaq Composite rose 0.18%.
— CNBC’s Pia Singh and Samantha Subin contributed to this report.