Asian indices had a mixed performance after the World Bank improved its forecast on the regional growth on Tuesday, offering a modest counterbalance with Wall Street losses overnight.
Hong Kong Hang Seng Index fell by 1.01%, despite the excitement due to the great debris CF Pharmtech, whose shares increased by more than 224% when listing on the stock market.
A specialized pharmaceutical company, aimed at respiratory treatments, collected about $ 78 million in its initial public offering, at a price of 14.75 HKD per share.
Powerful debut emphasized the renovated momentum in the Hong Kong market of initial public offers, which in the first half of 2025. has already collected $ 14.1 billion.
In Japan, Nikkei 225 changed a little while Topix added 0.66%. Japanese yen weakened by 0.38% to 152.48 for US dollar, after touching a 150 level earlier during the week.
Australian S & P / ASX 200 fell by 0.3%, while markets in continental China and South Korea remained closed due to holidays, seebiz.
Meanwhile, the Spare Bank of New Zealand (RBNZ) unexpectedly reduced its reference interest rate for 50 base points to 2.5%, stating the lasting weakness of domestic activity and uncertainty in the global economy.
“Economic activity by mid 2025. It was weak … which shows the limits of the domestic supply and the uncertainty of global politics,” said in the RBNZ statement.
The New Zealand dollar fell by 0.9% to $ 0.5746 after the rate decision.
