June 20, 2021

Investors await JD Logistics’ Hong Kong debut

SINGAPORE — 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.

Overnight on Wall Street, the Dow Jones Industrial Average jumped 141.59 points to close at 34,464.64. The S&P 500 edged 0.12% higher to 4,200.88 while the Nasdaq Composite ended the trading day stateside little changed at 13,736.28.

The moves on Wall Street came following the release of…

Read full article here: www.cnbc.com