Asia-Pacific markets traded mixed Wednesday as investors parsed Japan’s trade data.
The Nikkei 225 recovered 128.99 points, or 0.3%, to 49,512.28.
Japan’s exports in November grew 6.1% year on year, data from the country’s finance ministry released Wednesday showed. The growth sharply beat expectations of an average 4.8% rise estimated by economists polled by Reuters, and was higher than the 3.6% seen in the previous month.
Japanese financial institution SBI Shinsei Bank rose over 12% after a 322 billion yen ($2.1 billion) IPO. The shares were priced at 1,450 yen each.
In Hong Kong, the Hang Seng regained 233.37 points, or 0.9%, to 25,468.78.
Shares of crypto exchange HashKey opened about 3% higher as it debuted on the Hong Kong stock exchange, after raising about $207 million in its initial public offering.
CHINA
The CSI 300 in Shanghai advanced 82.33 points, or 1.8%, to 4,579.88.
Shares of Chinese chipmaker MetaX Integrated Circuits soared more than 700% in their market debut in Shanghai on Wednesday, after the company raised nearly $600 million in its initial public offering.
Similar to Moore Threads, which saw a robust debut at the start of the month, MetaX develops graphics processing units for artificial intelligence applications, tapping into a fast-growing sector driven by rising adoption of AI services.
Oil prices climbed after U.S. President Donald Trump announced on social media platform Truth Social that he will be ordering a “TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS” entering and leaving Venezuela.
In other markets
In Korea, the Kospi restored 57.28 points, or 1.4%, to 4,056.41
In Singapore, the Straits Times Index dipped 4.25 points, or 0.1%, to 4,575.48.
In Taiwan, the Taiex lost 11.49 points to 27,525.17.
In New Zealand, the NZX 50 slid 129.04 points, or 1%, to 13,295.91.
In Australia, the ASX 200 skidded 13.76 points, or 0.2%, to 8,585.19.
