Tokyo Metro IPO, Singapore CPI

Asia-Pacific markets were set to open mixed on Tuesday, with investors awaiting the trading debut of Japan’s subway operator, Tokyo Metro.

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.

The IPO was reportedly 15 times oversubscribed and priced at the top end of its pricing band, offering shares at 1,200 yen apiece.

Economic data that will be coming out of Asia includes September inflation numbers from Singapore — expected to come in at 1.9%, its slowest rise since March 2021, according to a Reuters poll of economists.

Nikkei 225 was set to fall on Wednesday, with the futures contract in Chicago at 38,360 and their counterpart in Osaka at 38,280 against the index’s last close of 38,411.96.

Futures for Hong Kong’s Hang Seng index stood at 20,615, pointing to a stronger open compared to the HSI’s close of 20,498.95.

Australia’s S&P/ASX 200 started the day up 0.24%.

Overnight in the U.S., the S&P 500 and the Dow Jones Industrial Average ended Tuesday marginally lower, both posting a second straight day of losses.

The S&P 500 ended the session lower by 0.05%, and it was the broad market index’s first back-to-back loss since early September.

The 30-stock Dow slid 0.02%, but the Nasdaq Composite rose 0.18%.

— CNBC’s Pia Singh and Samantha Subin contributed to this report.