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AMSTERDAM (Reuters) - Intel (INTC.O) has reduced its stake in supplier ASML Holding (ASML.AS) to just below 3 percent, according to an update from the registry of the Netherlands’ Authority for Financial Markets (AFM) on Friday. Intel and two other major semiconductor makers bought stakes in ASML in 2012, in part to help fund development of ASML’s newest generation of lithography systems, which perform a critical step in the chipmaking process. The chipmakers have been gradually selling down their stakes in ASML since.

HONG KONG (Reuters) - Tencent Music Entertainment has delayed its planned U.S, initial public offering (IPO) until rolex cufflinks at least November as the owner of China’s most popular music apps prefers to wait for global stock markets to stabilize, three sources said, The music arm of tech giant Tencent Holdings (0700.HK) is expected to raise at least $2 billion and was originally planning to launch its offering as soon as next week, the sources said, However, Wall Street on Wednesday suffered its worst one-day drop in eight months, with the S&P 500 .SPX down 3.29 per cent, The index dropped a further 2.06 percent on Thursday..

“Are they really going to launch into this window?” asked one source involved in the deal, adding that the company had plenty of cash. “Why try and jam something out now?”. Chinese shares have also fallen, with the CSI 300 index of mainland Chinese blue-chips .CSI300 down 4.8 percent to a 27-month low on Thursday. “Given the recent challenging market conditions, it won’t be a good idea for the company to go ahead with the listing timetable. It makes more sense to wait till the market recovers a bit,” said another person with knowledge of the matter.

Tencent Music declined to comment, The sources declined to be identified as the information was not public, At $2 billion, the IPO would be one of the largest by a Chinese company in the United States this year, behind the $2.4 billion raised by video streaming company iQiyi (IQ.O) in March but ahead of the $1.6 billion garnered by online group discounter Pinduoduo (PDD.O) in July, In total, Chinese companies have raised $7.5 billion from U.S, markets so rolex cufflinks far this year - the biggest amount since 2014 - according to Refinitiv data..

Tencent Music filed for its IPO earlier this month, setting a placeholder sum of $1 billion for registration purposes. The company owns streaming apps QQ Music, Kugou and Kuwo as well as karaoke app WeSing, and claims more than 800 million monthly active users. The number of Tencent Music shares to be sold were not disclosed and potential valuations were unclear. Its Swedish music streaming counterpart Spotify Technology SA (SPOT.N) is currently valued at around $27.1 billion. The Chinese firm, which has a cross shareholding deal with Spotify, offers more in the way of socially interactive services that makes it profitable, while the Swedish firm is not. Tencent Music reported a 92 percent jump in sales in the first half of this year and net profit of $263 million.

NEW YORK (Reuters) - Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S, trade war with China and risks from a recent climb in interest rates, The Nasdaq flirted with correction territory, rolex cufflinks sliding as much as 10.3 percent from its Aug, 29 closing record high, before paring losses to end off those levels and avoiding confirming a correction, MSCI’s gauge of stock performance in 47 countries .MIWD00000PUS dropped 2.2 percent, falling below its February lows to trade at its lowest since October 2017..

Gold, typically seen as a safe-haven asset during times of extreme volatility, rose as sliding global stock markets prompted risk-wary investors to buy the metal, and a drop in U.S. Treasury bond yields helped push the dollar lower. In equities, Wall Street slid as risk-appetite showed no signs of picking up and volatility spiked. The Cboe Volatility index .VIX ended the day up at 24.98, its highest close since Feb. 12, a day after the S&P 500 dropped more than 3 percent in its biggest daily decline since Feb. 8.

“When you have a shock day like yesterday, people are caught off guard, and there are a lot of adjustments going rolex cufflinks on below the surface, There tends to be a lot of volatility the day after a shock day, and over the next several days or weeks,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta, The selloff came as investors prepared for the start of U.S, quarterly earnings, with JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) due to report Friday..

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