Daily Digit: PICC Debut Shines Despite Pessimism on Markets.
Description:Today's daily digit is 3.2. That was the opening percentage jump in shares of one of China's largest insurers PICC, on their Hong Kong market debut. The state owned firm's 3.1 billion dollar IPO is Hong Kong's largest in two years. But it priced near the bottom of its indicative range, signaling persistent poor appetite for listings in much of Asia. Some analysts question the timing. Jim Walker of Asianomics.(1:27)