Market Summary on 21 October 2019

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Market Summary on 21 October 2019
Market Summary on 21 October 2019

Daily News, 21 October 2019, No.80
Daily News
News                                 Detail
Market Information
Equities in Canada’s largest centre finished Friday lower, on weakness in consumer and health-care stocks, and more
concerns about slowing growth in China.
The TSX Composite Index faded into the red 49.18 points to 16,377.12, a weekly drop of 72.2 point, or 0.44%.
The Canadian dollar crept up 0.03 at 76.14 cents U.S.
Gold and materials were in the green, as Barrick Gold picked up a dime $22.59, while Centerra Gold gained a nickel to
$12.63.
Tech Resources acquired 12 cents to $21.62, while Agnico Eagle Mines strengthened 72 cents, or 1%, to $71.16.
Equitable Group led a mini-charge by financial stocks, up $1.09, or 1%, to $108.92, while Home Capital Group climbed 20
cents, or 1.6%, to $26.63.
Prices for the benchmark 10-year U.S. Treasury gained ground, lowering yields to 1.75% from Thursday’s 1.76%. Treasury
prices and yields move in opposite directions.
Oil prices dipped 19 cents to $53.74 U.S. a barrel.
Gold prices flopped $4.2 to $1,494.10 U.S. an ounce.
Market News
Huawei Smart PV again                In Taipei, Huawei showcased its new solutions for large-scale ground and water
leads PV Taiwan 2019                 surface floating and distributed scenarios at PV Taiwan 2019, targeting the
                                     Taiwanese market while sharing the latest innovations in Huawei's all-scenario
                                     FusionSolar Smart PV Solution with customers and partners from around the world.
                                     At the exhibition, Huawei released SUN2000-100KTL-M1, a smart inverter
                                     for large-scale    ground    and    water     surface        floating   scenarios,   and
                                     SUN2000-20KTL-M2, a three-phase smart inverter which received the Intersolar
                                     Award 2019 in June. AI technology integration made the inverters smarter and
                                     safer, assuring customers enhanced long-term returns.
Pearl Abyss Announces                In Seoul, South Korea, Pearl Abyss today announced that Black Desert Mobile will
Soft-launch Date for Black           be       soft-launching        in      English          on         Android       devices
Desert Mobile                        in Malaysia, Turkey, Australia, Ireland, Sweden, Chile, and Canada on October 24.
                                     The open-world action MMORPG has hit over 2 million pre-registrations less than 2
                                     weeks since it started the pre-registration on September 27th and the number is
                                     growing fast without massive marketing campaigns. Starting October 24,
                                     Adventurers in select countries can continue to enjoy the same action-based
                                     combat system and deep customization options that millions of Adventurers have
                                     experienced through PC, Xbox One, PlayStation®4, and mobile platforms in a
                                     number of markets. Not just combats, Adventurers can also try various life skills
                                     such as fishing, gathering, trading, horse breeding, crafting, and camp
                                     management. Moreover, they can design unique characters by choosing from five
                                     classes and distinct skill sets to reflect their personal playstyles. All progress made
                                     during the soft-launch period will be retained when Black Desert Mobile will be
                                     released in all designated countries and regions later this year.
Xinhua Silk Road: 52                 In Beijing, during the Second Global Ningbo Community and Development
projects worth RMB128.3              Partnership Conference held in east China's Ningbo City on Friday, 52 projects with
Daily News, 21 October 2019, No.80
bln inked on the Second              a total investment of 128.3 billion yuan were contracted.
Global Ningbo Community              The   conference,    held   in November     2018 for    the     first   time,   aims    to
Development Partnership              gather Ningbo community including entrepreneurs and experts from all over the
Conference                           world and to promote the development of Ningbo.
                                     Among the 52 projects, there are five projects each with investment of more than 10
                                     billion yuan and nine projects each with investment of more than 5 billion yuan,
                                     covering the areas of green petrochemical, automobile, high-end equipment, new
                                     materials, electronic information, smart home appliances, biomedicine, energy
                                     saving and environmental protection, urban function improvement and modern
                                     service industry.
Altium     Extends      Its          In San Diego, Altium is extending its lead in printed circuit board (PCB) design by
Leadership in PCB Design             announcing the newest version of Altium Designer, the software chosen by more
With the Most Powerful               professional PCB designers and engineers than any other ECAD software.
Version of Altium Designer           Altium Designer provides a complete software environment for the design and
to Date                              realization of PCBs. The latest release, Altium Designer 20, extends its dominance
                                     in PCB design with major upgrades to the unified design environment, user
                                     experience, and world-class PCB design capabilities.
Women's World Banking                In Singapore, Global NGO Women's World Banking brings its biennial international
hosts    Making  Finance             gathering, the Making Finance Work for Women Summit, to Singapore on 22-23
Work for Women Summit in             October 2019. The Summit features leading international experts in driving
Singapore                            innovations in women's financial inclusion. More than 300 attendees from more
                                     than 40 countries will participate in interactive workshops, debates, plenary
                                     sessions, and the inaugural FinTech Innovation Challenge.
D+29 Launches on Korea               JEJU, South Korea, D+29, a Korean beauty brand, recently launched its natural
GSL Bio's Online Store to            mineral soap lines on gslbioshop.com. Manufactured by Korea GSL Bio, the new
Provide "30 Seconds of               soap incorporates many of the natural cosmetic beauty trends of 2019, combining
Natural Cleansing"                   natural, fermented ingredients with the latest biotechnology.
                                     "Our skin has an average 28-day-regeneration life cycle, from the creation of
                                     skin cells to their dying. Therefore, D+29 focuses on natural beauty from the start of
                                     the cycle," said a spokesperson for D+29. "30 seconds of using the mineral
                                     soap removes dead skin cells and build-up in pores, keeping skin clear and
                                     healthy throughout the year by helping the skin absorb natural nutrients."
Women's World Banking                In Singapore, Global NGO Women's World Banking brings its biennial international
hosts    Making  Finance             gathering, the Making Finance Work for Women Summit, to Singapore on 22-23
Work for Women Summit in             October 2019. The Summit features leading international experts in driving
Singapore                            innovations in women's financial inclusion. More than 300 attendees from more
                                     than 40 countries will participate in interactive workshops, debates, plenary
                                     sessions, and the inaugural FinTech Innovation Challenge.
World News
Al Jabir: 60 Saudi Youth             In Riyadh, Saudi Arabia, Saudi Ambassador to Yemen and Supervisor-General of
Trained       in Conflict            the       Saudi        Development         and         Reconstruction           Program
Stabilization        and             for Yemen (SDRPY) Mohammed           bin    Saeed      Al     Jabir said    today      that
Management                           Saudi-American cooperation has developed the capabilities of more than 60 young
                                     professionals from various ministries in the Kingdom in the field of stabilization and

Daily News, 21 October 2019, No.80
containment of conflict. The training is designed to prepare and equip subjects with
                                     knowledge in light of current and future needs for daily work on resolving complex
                                     and aggravated issues in conflict areas, and specifically on furthering the
                                     development of Yemen.
                                     This came during a speech delivered by Al Jabir on Sunday morning at the opening
                                     of the second stabilization workshop, organized by SDRPY, in the presence of US
                                     Ambassador to Yemen Mr. Christopher Henzeland a delegation from the Bureau of
                                     Conflict and Stabilization Operations of the US Department of State. SDRPY
                                     personnel participated as representatives of Saudi Arabia.
VFS TasHeel to Process               In Dubai, UAE, VFS TasHeel, an authorised visa service provider for the Ministry of
Tourist Visas for the                Foreign Affairs, the Kingdom of Saudi Arabia, announced that it has launched
Kingdom of Saudi Arabia in           tourist visa services at its centres across 30 countries worldwide. Applicants will
30 Countries                         also be able to travel for Umrah on a tourist visa, but not during the Hajj season.
                                     According       to Saudi      Arabia's new       visa     policy,      nationals      of
                                     UAE, Jordan, Egypt, Pakistan, Indonesia, Algeria, Bahrain, Cameroon, Chad, Cote
                                     D'Ivoire, Ghana, Guinea, Mali, Mauritania, Maldives, Nigeria, Philippines, South
                                     Africa, Sri Lanka and Tajikistan can apply for a tourist visa. The visa process is
                                     open to applicants from all nationalities, except the 49 that are eligible for a visa on
                                     arrival or e-visa.
Trump: G7 summit won't               President Donald Trump on Saturday night announced that next year's G7
take place at his Florida            economic conference won't take place next summer at Trump National Doral Golf
resort                               Course near Miami, reversing a decision two days ago.
                                     After criticism from Democrats and some Republican, Trump posted on Twitter a
                                     change in plans for the summit involving the seven nations.
                                     Therefore, based on both Media & Democrat Crazed and Irrational Hostility, we will
                                     no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in
                                     2020, he tweeted around 10 p.m. We will begin the search for another site,
                                     including the possibility of Camp David, immediately. Thank you!
                                     One hour before, he defended the original decision on Twitter but hadn't announced
                                     plans would change.
President of Honduras: No            In Tegucigalpa, Honduras, after hearing the verdict in a New York court that
one in the State of                  declared his brother guilty, the president of Honduras, Juan Orlando Hernández,
Honduras is above the law            reiterated that "this verdict is not against the state of Honduras" and strongly
                                     rejected that the country be qualified as a narco state. On the contrary,
                                     "Honduras has been a reference in the fight against drug trafficking in the region;
                                     the results of this fight have been highlighted by the same agencies of the United
                                     States, such as the Drug Enforcement Administration (DEA), the Southern
                                     Command, the Department of State and the U.S. Embassy in Tegucigalpa."
Robert F. Kennedy Human              Tournament Supports Humanitarian Initiatives of Renowned Human Rights
Rights Hosts 30th Annual             Organization Led by Kerry Kennedy Today, Mrs. Robert F. Kennedy and the
Golf    Tournament    in             Kennedy family hosted the 30th Annual Robert F. Kennedy Human Rights Golf
Hyannis             Port,            Tournament on Friday, October 18 at the Hyannisport Club in Hyannis Port, MA, to
Massachusetts                        support the organization’s ongoing humanitarian work around the world.
                                     Mrs. Kennedy was joined by more than 100 guests, including former Red Sox

Daily News, 21 October 2019, No.80
players Jim Lonborg, Sam Horn, Bob Montgomery, actor and comedian Keegan
                                     Michael   Key,   former    NFL        offensive   tackle Max   Starks   IV, former   NFL
                                     receiver Donté Stallworth, former NBA center Alonzo Mourning, and director and
                                     producer Bobby Farrelly.
Announcing Award for                 In Toronto, Journalists for Human Rights (JHR) is pleased to announce the first
Outstanding Work by an               ever award for Outstanding Work by an Indigenous Youth Reporter. The award is
Indigenous Youth Reporter            funded by the RBC Foundation in support of RBC Future Launch, a commitment to
supported by RBC Future              helping young Canadians prepare for the jobs of tomorrow. The award seeks to
Launch                               recognize a piece of outstanding journalism created by a First Nations, Métis or
                                     Inuit journalist between the ages of 15 and 29 years old that was published or
                                     broadcast in any format, on any medium, in Canada, at any point in the 2019
                                     calendar year.
Political News
New York to Sydney flight            Qantas's historic 10,200-mile non-stop flight from New York to Sydney landed
arrives at 19 hours, 16              Sunday in 19 hours and 16 minutes, the first of three test runs to see if such routes
minutes                              can be done safely and with comfort for passengers.
                                     The 50 passengers and crew on the flight left New York's John F. Kennedy
                                     International Airport to Sydney Airport were equipped with devices that monitor their
                                     wellbeing during the long trip on the Boeing 787 Dreamliner.
                                     This is a really historic moment for Qantas, a really historic moment for Australian
                                     aviation and a really historic moment for world aviation, said Qantas chief executive
                                     Alan Joyce, who was on the flight. So we need to show that this can be done safely,
                                     it can be done with the rest that we have for the crews.
                                                                      rd
CMA is encouraging all               In Ottawa, on the eve of the 43 federal election, the Canadian Medical Association
Canadians to vote for                (CMA) is reminding Canadians to exercise their democratic right and vote.
health tomorrow                      Throughout the campaign, it has become clear that health and health care are
                                     among Canadians' top concerns, and could influence the outcome on Election Day.
                                     "Every time that Canadians were asked about their top concerns, health and health
                                     care were among the top three, which confirms that there are genuine concerns
                                     about the current state of our health care system," says Dr. Sandy Buchman, CMA
                                     president. "Regardless of tomorrow's outcome, their concerns need to be
                                     addressed, and the CMA intends to work with the next government to do so."
Rep.      Francis Rooney             After criticizing President Donald Trump's comments on Ukraine scandal,
announces retirement after           Republican U.S. Rep. Francis Rooney said Saturday he would retire at the end of
criticizing        Trump             his term in 2020. Rooney, 65, who is in his second-term as a congressman from
comments                             southwest Florida, told Fox News host Leland Vittert Saturday he would not run for
                                     re-election in 2020. I've done what I came to do, Rooney told Vittert, adding that he
                                     got offshore drilling banned and money for the Everglades.
                                     He also wanted to model term limits.
                                     People need to realize, Rooney said. This is public service, not public life.
                                     A day before his retirement announcement CNN reported on Rooney's criticism of
                                     Trump's comments on the Ukraine scandal, which is at the center of a House
                                     impeachment inquiry.
                                     Rooney, who is a member of the House Foreign Affairs Community, told CNN that

Daily News, 21 October 2019, No.80
Trump had denied he engaged in a quid pro quo, but White House Chief of Staff
                                     Mick Mulvaney confirmed there was one Thursday.
                                     Mulvaney said that the United States withheld nearly $400 million in U.S. security
                                     aid to Ukraine to put pressure on the country to investigate a Democratic National
                                     Committee server in the 2016 election. But later in the day, retracted that he ever
                                     said that in a written statement.
2 Stocks That Could                  Buying growth stocks in an election year is generally ill-advised. During the last
Double Your Money in 2020            presidential election cycle in 2016, growth stocks, on balance, dramatically
                                     underperformed the broader markets, whereas value stocks as a whole produced
                                     market-beating returns on capital. Going one step further, some growth-oriented
                                     subsectors such as biotech were flat out taken to the woodshed over the course of
                                     2016, thanks to the economic and regulatory uncertainties stirred up by the rancor
                                     of presidential politics.
CUPE shocked Liberals                In Ottawa, Canada's largest union, the Canadian Union of Public Employees, is
will  re-up     attack on            shocked and outraged at reports that the Liberal Party will revive its attack on good
pensions if re-elected               pensions if re-elected. In the last Parliament, Finance Minister Bill Morneau tabled
                                     Bill C-27, which would allow employers to walk away from their pension promises to
                                     workers and retirees, and convert good, dependable "defined benefit" pension
                                     plans into risky, unreliable "target benefit" plans.
Entertainment News
B.Grimm joins forces with            In Hong Kong, B.Grimm Group, a multi business corporation based in Thailand, has
CNN            International         partnered with CNN International Commercial (CNNIC) for a cross-platform
Commercial        for     a          campaign to showcase initiatives that promote awareness around wildlife and
cross-platform campaign              cultural conservation. These stories will be conveyed through a new Great Big
to shine a spotlight on              Story series    and    branded      content   from     CNNIC's   award-winning   brand
conservation            and          studio Create. The new Great Big Story's series, 'In Their Words', tells stories
sustainability                       ranging from wildlife to music through the people who live these experiences every
                                     day. Launched to coincide with Global Tiger Day, the first Great Big Story in the
                                     series highlights how scientists are protecting tigers in Thailand. The second
                                     story shows how to conduct an orchestra as Gustavo Dudamel, music director of the
                                     Los Angeles Philharmonic orchestra, guides the musicians using body movement
                                     and eye contact. All content was distributed across digital and social platforms
                                     reaching Great Big Story's 12 million followers around the world, along with a
                                     60-second video on CNN International titled 'Moment of Wonder'. The partnership
                                     also includes a branded content video that ran on CNN's International TV and
                                     digital platforms, produced by CNNIC's in-house global brand studio Create.
Sohu.com to Report Third             In Beijing, Sohu.com Limited (NASDAQ: SOHU), China's leading online media,
Quarter 2019 Financial               video, search and gaming business group, will report its third quarter 2019
Results on November 4,               unaudited financial results on Monday, November 4, 2019, before U.S. market
2019                                 hours. Sohu's management team will host a conference call on the same day
                                     at 8:30 a.m. U.S. Eastern Time, November 4, 2019 (9:30 p.m. Beijing/Hong
                                     Kong time, November 4, 2019) following the quarterly results announcement.
Elena Baturina's Symbol              LIMASSOL, Cyprus, the 13th Cyprus-Russia charity gala evening was held at the
Residence   Development              Presidential Palace of Cyprus under the patronage of the First Lady of Cyprus Andri

Daily News, 21 October 2019, No.80
Supports                     the     Anastasiadis.
Cyprus-Russia           Cultural     The event was initiated by Ensemble Productions Ltd. and the administration of the
Event                                Cypriot government in cooperation with the Russian Embassy in Cyprus, and with
                                     the support from Russian and Cypriot business entities.
                                     This year, Symbol Residence became a new partner of the gala evening. It is a
                                     development project in Limassol by Golden Wisdom, a member of the investment
                                     group of international entrepreneur Elena Baturina.
Changyou.com to Report               In Beijing, Changyou.com Limited ("Changyou" or the "Company") (NASDAQ:
Third     Quarter   2019             CYOU), a leading online game developer and operator in China, will report its third
Financial   Results   on             quarter 2019 unaudited financial results on Monday, November 4, 2019, before U.S.
November 4, 2019                     market hours. Changyou's management team will host an earnings conference call
                                     on the same day at 6:30 a.m. U.S. Eastern Time, November 4, 2019 (7:30
                                     p.m. Beijing/Hong         Kong, November        4,      2019)       following      the
                                     quarterly results announcement.
Big Hit Entertainment's              Tomorrow X Together, also known as TXT, the K-pop boy band formed earlier this
TXT       introduce first            year by Big Hit Entertainment, introduced their first full-length album, The Dream
full-length album                    Chapter: Magic, in Seoul on Monday.
                                     The band, consisting of members Soobin, Yeonjun, Beomgyu, Taehyun and
                                     Korean-American Huening Kai, is seen as a little brother to superstar Big Hit
                                     labelmates BTS. Expectations around the group are running high after the success
                                     of their debut EP and first music videos, which were released in March.
                                     BTS and Big Hit have given us very large wings and I think it is our job to soar on
                                     these wings, said Soobin, the 18-year-old leader of TXT, at a press event in Seoul
                                     Monday. Our job is to make these wings strong, and become a group that BTS can
                                     be proud of.
                                     While BTS has evolved to tackle social and political issues in their lyrics, TXT cuts a
                                     younger profile, with all band members still in their teens. The new album's songs
                                     focus mainly on the difficulties in transitioning to adolescence, the band said.
One Media iP Group Plc -             Further to the Company’s announcement made on 11 October 2019, regarding the
Update on Board Changes              proposed appointment of Alice Dyson-Jones and Steve Gunning as Executive
                                     Director and Finance Director respectively, the board is pleased to confirm that all
                                     respective regulatory due diligence has now been successfully completed and both
                                     Alice and Steve have been appointed to the Board with immediate effect.
ADX Group Announces                  ADX Group (“ADX”), owner and operator of online business services, online
IPO Progress, New Cyber              entertainment, and consumer electronics, announced today that the company’s
Security Offerings                   progress towards its initial public offering (IPO) has advanced. In comments the day
                                     before the company’s 11th annual Autumn Conference, ADX Founder Mr. Steven
                                     M. Renner said, “ADX has formally engaged independent auditors to commence a
                                     pre-IPO audit, and our NASDAQ IPO remains on track for early 2022.”
                                     Attending the conference on Jeju Island, South Korea, more than 700 ADX sales
                                     consultants heard updates on the company’s IPO, new ADX Cyber Security
                                     Services (including ADX Mail, ADX Cloud, ADX VPN, and WebCast.Pro secure
                                     conferencing services).

Daily News, 21 October 2019, No.80
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