{"id":72621,"date":"2024-10-23T16:56:17","date_gmt":"2024-10-23T05:56:17","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=72621"},"modified":"2025-11-10T20:59:06","modified_gmt":"2025-11-10T09:59:06","slug":"wednesday-23rd-october-2024-asia-pacific-markets-rise-as-tokyo-metros-ipo-boosts-investor-sentiment","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-23rd-october-2024-asia-pacific-markets-rise-as-tokyo-metros-ipo-boosts-investor-sentiment\/","title":{"rendered":"Wednesday 23rd October 2024: Asia-Pacific Markets Rise as Tokyo Metro&#8217;s IPO Boosts Investor Sentiment"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite up 0.79%, Hang Seng up 1.63% ASX up 0.14%<\/li>\n\n\n\n<li>Commodities : Gold at $2766.35 (0.24%), Silver at $35.20 (0.04%), Brent Oil at $75.64 (-0.16%), WTI Oil at $71.69 (-0.172%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.241, UK 10-year yield at 4.168, Germany 10-year yield at 2.317<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(CAD) IPPI m\/m&nbsp; -0.6% vs -0.4% expected<\/li>\n\n\n\n<li>(CAD) RMPI m\/m&nbsp; -3.1%&nbsp; vs -1.7% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets mostly rose on Tuesday, diverging from major Wall Street benchmarks. A significant factor boosting investor optimism was the stellar market debut of Japanese subway operator Tokyo Metro. The company&#8217;s shares surged up to 47%, and were last seen trading nearly 45% higher.<\/p>\n\n\n\n<p>Tokyo Metro, one of Japan&#8217;s leading subway operators and the largest in Tokyo, raised 348.6 billion yen in its initial public offering (IPO), marking Japan&#8217;s largest IPO since 2018. The offering was 15 times oversubscribed, with shares priced at 1,200 yen each, the top end of the pricing band.<\/p>\n\n\n\n<p>Upcoming economic data from Asia includes September inflation figures from Singapore, which are expected to show a 1.9% increase, the slowest rise since March 2021, according to a Reuters poll. Singapore\u2019s core consumer price index, excluding private transport and accommodation, grew by 2.8% year-on-year, slightly higher than the predicted 2.7%. Overall inflation rose by 2%, just above the expected 1.9%.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 dipped 0.8% on Wednesday, while the Topix index fell 0.42%. South Korea\u2019s Kospi rose 1.18%, with the Kosdaq gaining 0.45%. Australia\u2019s S&amp;P\/ASX 200 traded near flat, while Hong Kong\u2019s Hang Seng jumped 1.67%, and China\u2019s CSI 300 edged up 0.57%.<\/p>\n\n\n\n<p>In the U.S., the S&amp;P 500 and Dow Jones Industrial Average closed Tuesday with slight losses, marking their second consecutive day of decline. The Nasdaq Composite, however, gained 0.18%.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:45 PM GMT &#8211; CAD Overnight Rate<\/li>\n\n\n\n<li>02:00 PM GMT &#8211; EUR ECB Lagarde Speaks<\/li>\n\n\n\n<li>02:00 PM GMT &#8211; USD Existing Home sales<\/li>\n\n\n\n<li>02:30 PM GMT &#8211; USD Crude oil Inventories<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets mostly rose [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/72621"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=72621"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/72621\/revisions"}],"predecessor-version":[{"id":72630,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/72621\/revisions\/72630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=72621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=72621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=72621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}