Mt. Fuji and Shinjuku skyline in Tokyo, Friday, February 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Asia-Pacific markets traded mixed on Wednesday as investors analyzed Japanese trade data.
Japan’s exports rose 6.1% year-on-year in November, according to Japan’s Ministry of Finance data released on Wednesday. The growth was significantly higher than the average 4.8% expected by economists polled by Reuters, and above the 3.6% seen in the previous month.
Japanese Nikkei Stock Average It rose 0.26% to close at 49,512.28, while TOPIX closed almost flat at 3,369.39. Korean Kospi rose 1.43% to 4,056.41, while the small-cap Kosdaq fell 0.55% to 911.07.
Japanese financial institution SBI Shinsei Bank rose more than 12% following its 322 billion yen ($2.1 billion) IPO. The stock price was 1,450 yen per share.
Australia’s S&P/ASX 200 fell 0.16% to 8,585.2.
hong kong hansen index rose 0.97%, while mainland China’s CSI 300 rose 1.83% to 4,579.88.
Shares of Chinese chipmaker MetaX Integrated Circuits soared more than 700% in its market debut in Shanghai on Wednesday after the company raised nearly $600 million in an initial public offering. Similar to Moore Threads, which had a strong debut earlier in the month, MetaX develops graphics processing units for artificial intelligence applications, entering a field that is booming due to increased adoption of AI services.
Cryptocurrency exchange Hashkey’s stock price opened up about 3% after listing on the Hong Kong Stock Exchange after raising about $207 million in an initial public offering.
