Kakao Games' shares started trading at 48,000 Korean won (about $40.48) apiece, twice the issue price of 24,000 won. ($20.24) They briefly surged to hit the daily permissible limit of 30%, last sitting at 62,400 won ($52.63) per share.
Retail investors have been fueling a frenzied buying boom in markets this year, sparking fears that they are driving too much speculation in the market.
New York Gov. Andrew Cuomo is holding a news conference Wednesday on the coronavirus, which has infected more than 440,500 people in the state, according to Johns Hopkins University data.
"We got turned down by the Chinese government several years ago," Netflix co-CEO Reed Hastings told CNBC. "There's so much opportunity for us in Asia, the rest of Asia," Europe and Latin America.
The globally-acclaimed pianist Lang Lang has said he's very worried about the current relationship between China and the U.S., and is planning a virtual concert to try and help bring the countries together.
Those "out of favor" investments include retail and office real estate, as well as stocks in the entertainment and hospitality sectors, said Marks, co-founder and co-chairman of Oaktree Capital Management.
Chinese inflation data for August showed the producer price index declined 2.0% in August from a year earlier, according to China's National Bureau of Statistics.
The development comes as Taipei distances itself from China ahead of the U.S. presidential election and as China steps up military activity around the island.
Disney is facing backlash after the final credits for its latest film "Mulan" thanked government entities in Xinjiang, the province where Muslims have faced human rights abuses.
Japan's revised GDP figures for the second quarter released Tuesday showed the country's economy shrinking an annualized 28.1% in April-June, according to second preliminary estimates released by the Cabinet Office.
The stock ended Tuesday's trading session at 33.1 Hong Kong dollars ($4.12), around 54% higher than its initial public offering price of 21.50 Hong Kong dollars.
As tensions mount between Washington and Beijing ahead of the U.S. presidential elections in November, Stonehorn Global Partners' Sam Le Cornu sees more Chinese firms returning home.
Duterte made a dramatic shift in the foreign policy of the Philippines when he declared in 2016 his "separation" from the U.S. — a military ally — to be closer to China.
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