Trinity menswear IPO surges; bank sees 10 percent growth for China

In Hong Kong Tuesday, the Hang Seng Index slid 1.8 percent to close at 21,240, and China's Shanghai Composite Index rose 1.2 percent, ending the day at 3,114. The Tokyo Stock Exchange was closed today in celebration of Culture Day.

In Hong Kong, Trinity Ltd, the menswear division of mega clothing manufacturer Li & Fung, surged 49 percent on its debut today, soaring as high as 82 percent in intraday trading. Trinity provides luxury menswear to shops in Mainland China and operates 345 of its own stores in 37 different cities. It maintains several of its own high-end brands, including Kent & Curwen and Gieves & Hawkes.