Tencent Traders Prepare for Wildest Day Since 2015
- Options market implying 5.6 percent move after earnings report
- Analysts cite slowing gaming, advertising sales as concerns
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For clues on what Tencent Holdings Ltd.’s shares will do tomorrow, look to the traders who got it spot-on in August.
The options market is pricing in a 5.6 percent move for the stock either way following the internet giant’s third-quarter update, due before 8 p.m. in Hong Kong. That would mark the biggest post-results reaction for the largest component of the MSCI Emerging Market Index since August 2015, data compiled by Bloomberg show. Tencent closed 0.8 percent lower Wednesday.