SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade as South Korean game developer Krafton plunged in its debut, while Covid concerns weighed on investor sentiment regionally.

South Korea’s broader Kospi slumped 0.62%.

Shares of South Korean game developer Krafton slumped as much as 17% from its IPO price on its market debut, according to Refinitiv Eikon data. Krafton, the game maker behind the blockbuster game PUBG, later pared some of those losses but was still more than 12% lower in Tuesday afternoon trade.

Shares of companies related to South Korean conglomerate Samsung declined in Tuesday afternoon trade. Shares of Samsung Electronics slipped 1.47% while Samsung C&T fell 1.75%. Samsung Life Insurance slipped 0.52% and Samsung SDS dropped 2.41%.

South Korea’s justice ministry announced Monday that the firm’s heir Jay Y. Lee is set to be released on parole later this week, according to Reuters.

Chinese stocks subdued on Covid fears

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Oil prices rise

Oil prices were higher in the afternoon of Asia trading hours on Tuesday following a tumble on Monday. International benchmark Brent crude futures advanced 0.42% to $69.33 per barrel. U.S. crude futures gained 0.69% to $66.94 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.963 following a climb late last week from below 92.4.

The Japanese yen traded at 110.33 per dollar, weaker than levels below 109 seen against the greenback last week. The Australian dollar changed hands at $0.7323, below levels above $0.735 seen yesterday.



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