Trinity Investments Limited

Tencent again shows its understanding of its business as it ties up with a regional partner to counteract regulations on gaming in China.

Tencent Holdings is set to report third-quarter 2018 results on Nov 14.

Tencent Music is said to be the largest online music entertainment platform in China. Tencent Music reported gross profit of $576 million and net income of $199 million or $0.08 per share.

On Friday, both the Dow and S&P 500 closed at levels putting them in red figures for 2018 and just above the level that would constitute correction territory, defined as a 10% drop from recent highs.

After the news broke that Tencent Holdings Limited would be postponing their Music Entertainment IPO several weeks, conditions in the markets all pointed to that being a positive move as investors still work out whether the trade war will continue.

The International Monetary Fund has warned a trade war between the US and China risks making the world a "poorer and more dangerous place" in its latest assessment of the global economy.

Factory activity in Asia weakened in September, with many trade- reliant economies seeing a slump in export orders in a sign that escalating U.S.-China tensions are taking a toll on business confidence.

Gold prices edged up early on Thursday, supported as investors looked for bargains after the metal fell to a two-week low in the previous session following a U.S. interest rate hike.

The Dow closed at a record on Friday after Thursday marked the blue chip index snapping a 164-day stretch without a new high, while the S&P 500 on Thursday also logged a record close.

U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports