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Finland's president said after meeting Ukrainian President Zelenskiy and a U.S. special envoy they had identified elements that could facilitate peace, and that talks will continue in St. Petersburg tomorrow.

2026-10-21

Finland's president said after meeting Ukrainian President Zelenskiy and a U.S. special envoy they had identified elements that could facilitate peace, and that talks will continue in St. Petersburg tomorrow.

Other News
2026-10-20

Key Economic Data and Events to Watch Today: Tuesday, October 20, 2026 ① APEC Finance Ministers' Meeting (To be determined) to be held in Hong Kong, China ② 09:00 China's 1-year Loan Prime Rate (LPR) as of October 20 ③ 10:00 National Development a

Key Economic Data and Events to Watch Today: Tuesday, October 20, 2026 ① APEC Finance Ministers' Meeting (To be determined) to be held in Hong Kong, China ② 09:00 China's 1-year Loan Prime Rate (LPR) as of October 20 ③ 10:00 National Development and Reform Commission (NDRC) press conference for October ④ 14:00 Germany's September PPI (MoM) ⑤ 14:00 Switzerland's September Trade Balance ⑥ 14:00 UK's August 3-month ILO Unemployment Rate ⑦ 14:00 UK's September Unemployment Rate ⑧ 14:00 UK's September Jobless Claims ⑨ 16:00 Eurozone's August Seasonally Adjusted Current Account ⑩ 17:00 Germany's October ZEW Economic Sentiment Index ⑪ 17:00 Eurozone's October ZEW Economic Sentiment Index ⑫ 20:15 US ADP Employment Change for the week ending October 3 ⑬ 20:30 US September Housing Starts (Annualized) ⑭ 20:30 US September Building Permits ⑮ 22:00 US September Pending Home Sales Index (MoM) ⑯ 02:30 (Next Day) US Oil Contract Rollover ⑰ 04:30 (Next Day) US API Crude Oil Inventories for the Week Ending October 16
2026-10-20

Nomura cut its target price on Tencent (00700.HK) to HK$659, citing profit pressure from continued AI investment. It said Tencent’s Q3 revenue was roughly in line, up 9% YoY, but non-IFRS operating profit fell 3% YoY to 70.3 bln yuan, about 2% below

Nomura cut its target price on Tencent (00700.HK) to HK$659, citing profit pressure from continued AI investment. It said Tencent’s Q3 revenue was roughly in line, up 9% YoY, but non-IFRS operating profit fell 3% YoY to 70.3 bln yuan, about 2% below market expectations. Non-IFRS operating margin slid 4.1ppt YoY to 33.5%. Capital expenditure rose to 58.7 bln yuan, up 11% QoQ and 352% YoY. Nomura trimmed FY2026 and FY2027 non-IFRS EPS forecasts by 2% and 3% respectively to reflect margin strain from AI spending and slightly slower games growth. Rating stays Buy; new PT implies 19x FY2027 PE versus the stock trading at c.12x FY2027f PE.
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