Japan’s Nikkei 225 jumps more than 1% as Asia-Pacific stocks rise; JD Logistics’ Hong Kong debut ahead
Stocks in Asia-Pacific rose in Friday morning trade, as investors await the market debut of JD Logistics in Hong Kong.
In Japan, the Nikkei 225 jumped 1.55% in early trade while the Topix index advanced 1.52%. South Korea’s Kospi edged 0.60% higher.
Elsewhere in Australia, the S&P/ASX 200 rose 0.84%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.
The logistics arm of Chinese e-commerce giant JD.com is set to make its debut in Hong Kong on Friday at 9:30 a.m. HK/SIN. Shares of JD Logistics have been issued at 40.36 Hong Kong dollars each.
BREAKING NEWS | Chinese e-commerce giant JD.com’s delivery arm surges more than 11% in Hong Kong IPO
Shares of JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, soared on Friday as the company debuted on the Hong Kong Stock Exchange.
JD Logistics surged 11.99% in the opening moments of its Hong Kong debut on Friday.
Reference: CNBC
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