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Asian markets mostly move higher, following Wall Street & # 39; s leadership – the recent Asian market




South Korea Kospi ( KOSPI ) increased 1.1%. Hong Kong's Hang Seng Index ( HSI ) rose 0.1%.
China's Shanghai Composite Index ( SHCOMP ) was roughly flat during the afternoon trade.

Japanese markets are closed for a holiday.

Major stock indexes ended in green Monday. Futures for Dow ( INDU ) S&P 500 ( SPX ) and Nasdaq ( COMP ) rose Tuesday during Asian trading hours.

Here are some other features happening in Asian markets at 2pm. HKT:

  • People's Bank of China on Tuesday injected 250 billion yuan ($ 35 billion) into the banking system. It is the largest cash injection of its kind in almost five months, according to Reuters. The Chinese central bank says the injection is intended to help meet cash demand during the tax season. The markets expect the central bank to continue to ease monetary policy, but use interest rate cuts and other measures. The Chinese economy recently experienced the slowest growth of 27 years for the third quarter.
  • ESR Cayman, an Asian warehouse operator, wants to raise as much as $ 1[ads1]1.37 billion ($ 1.45 billion) in an initial public offering in Hong Kong. It would be the second largest stock exchange listing in the Asian financial hub this year. ESR Cayman intends to start trading in November.
  • Shares of 51 credit cards, an online credit card issuer and headquartered in Hangzhou, China, continued trading Tuesday afternoon, rising as much as 30%. It was up 17% at around 10am. Trading was halted on Monday afternoon after a 34% fall. The company acknowledged in a statement that Chinese authorities conducted an investigation into the firm's office, but said operations were still normal and that no assets had been seized or frozen.



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