Asia stocks mostly rise after Wall Street rally stalls; Tokyo Metro market debut in focus

📆 22/10/2024 07:17 p. m.
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The IPO of Tokyo Metro raised 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen.

The company, one of Japan's leading subway operators and the largest in Tokyo, raised 348.6 billion yen in its initial public offering, the largest IPO in Japan since 2018.

As investors weigh the pros and cons of value vs. growth, CNBC Pro asked analysts and investors which they prefer.Investors should look beyond the so-called"Magnificent Seven" and identify"country winners" in tech outside the U.S., according to one hedge fund manager. "Profits accelerating are far more important than who is sitting in the Oval Office. But politics can make or break sub-sectors," the firm wrote in a Friday note.

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Asia stocks poised for mixed open as Wall Street rally stalls; Tokyo Metro market debut in focusThe IPO of Tokyo Metro raised 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen.
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