Stock Markets

Top 5 Things to Know in The Stock Market on Monday.

StockMarketNews.Today – Here are the top five things you need to know in financial markets on Monday, October 8.

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Tencent Music Entertainment Group on Tuesday filed to go public in the U.S., kicking off what will likely be one of the biggest technology IPOs to date.

StockMarketNews.Today –
Tencent Music revealed sharp growth in its Tuesday filing, with revenue more than doubling in 2017 to $1.66 billion. About 70% of revenue came from its social entertainment services, including online karaoke, live streaming and sales of merchandise. It posted a profit of $199 million in 2017, up from roughly $2 million a year earlier.

China Renaissance another first-day flop for the city alongside Xiaomi Corp.’s debut.

StockMarketNews.Today – While the weak debut is disappointing for the bank, it also poses a challenge for Hong Kong Exchanges & Clearing Ltd., which has positioned itself as the international gateway to China’s markets. While Meituan jumped on its first trading day this month, IPOs such as Xiaomi and China Renaissance have represented a more typical pattern this year, with newly listed stocks falling 6.7 percent on a weighted-average basis.

Facebook News: Facebook disclosed a widespread security flaw that could have allowed hackers or other malicious third parties to access an affected user’s account by gleaning their security token.

StockMarketNews.Today – The flaw affected as many as 50 million people, and Facebook says it’s forcibly making around 90 million users log back into their accounts in full today to be safe. The company says around 40 million additional people simply used the exploitable feature since the exploit was active.

China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.

StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.