Nintendo, ESR Cayman jumped a positive day for Asia stocks – the Asian market last

admin November 1, 2019

17 1 minute read

Nintendo, ESR Cayman jumped a positive day for Asia stocks – the Asian market last

Shares in Nintendo ( NTDOF ) jumped 6% in Tokyo on Friday, bucking the downward trend of Japan's Nikkei 225 ( N225 ) which fell 0.4%.

Over in Hong Kong, ESR debuted Cayman. Shares in the real estate logistics company appeared and opened as much as 7% in early morning trading.

ESR Cayman raised $ 1.6 billion, making Hong Kong's second largest IPO of the year. It was a boost of confidence for the bail, which came less than 24 hours after authorities confirmed that five-month mass protests ̵[ads1]1; on top of other challenges and structural issues – have pushed the city into a recession.

Hong Kong's Hang Seng Index ( HSI ) also shook off the disappointing economic growth figures and yielded gains of 0.5%.

Elsewhere in Asia, the markets were up. South Korea's Kospi Index ( KOSPI ) rose 0.4%, and Shanghai Composite Index ( SHCOMP ) edged up 0.7%.

Investors in China cheered for an unexpected jump in production data. Growth in production from China's huge manufacturing sector rose in October, according to results from a private industry survey released Friday. The latest survey on purchasing managers (PMI), conducted by the media group Caixin and research firm Markit, rose to 51.7 in October from 51.4 in September. Analysts surveyed by data provider Refinitive had expected growth to fall to 51.

Source link