Showing posts with the label Asia Closing Report

Asia Closing: How did Asia Markets Close on Wednesday, November 3, 2021.

Image Asia-Pacific stocks mixed; Kakao Pay shares soar in South Korea debut Eustance Huang 3-4 minutes SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as investors looked ahead to the end of the U.S. Federal Reserve's two-day meeting for clues on tapering. In South Korea, the Kospi declined 1.25% to finish the trading day at 2,975.71. Shares of Kakao Pay surged in their Wednesday debut as they more than doubled from their issue price of 90,000 Korean won. By the Wednesday market close in South Korea, the stock had soared about 114% from its issue price. Kakao Games also surged 3.01%, while Kakao Corp shares dipped 2.73% and Kakao Bank dropped 7.33%. Elsewhere, mainland Chinese stocks closed lower, with the Shanghai composite falling 0.2% to 3,498.54 while the Shenzhen component declined fractionally to 14,367.78. Hong Kong's Hang Seng index dipped about 0.5%, as of its final hour