Asia-Pacific stocks edge higher; Baidu set to make Hong Kong debut
23 Mar 2021 | SET News
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Asia-Pacific stocks edge higher; Baidu set to make Hong Kong debut
Shares in Asia-Pacific rose in Tuesday morning trade, with Chinese search giant Baidu set to make its debut in Hong Kong.
In Japan, the Nikkei 225 edged 0.7% higher in early trade while the Topix index gained 0.39%. South Korea’s Kospi climbed 0.73%.
Shares in Australia inched higher, with the S&P/ASX 200 rising 0.45%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.25% higher.
In corporate developments, Baidu’s stock is set to begin trading in Hong Kong on Tuesday, with shares priced at 252 Hong Kong dollars (about $32.45) each. The firm joins a long list of U.S.-listed Chinese tech companies that have done secondary offerings in Hong Kong, including Alibaba and JD.com.
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