China Concept Index surges 2%

Latest Updates October 8 - Chipotle Mexican Grill shares (CMG.N) surged by as much as 8.55% to $33.40, while Starbucks (SBUX.O) shares once dropped 6.66% to $87.35. The Financial Times, citing insiders, reported that Starbucks (SBUX) had considered acquiring Chipotle (link). The coffee giant's stock has fallen to its lowest point since March. According to the report, the progress of the acquisition plan remains unclear; both Starbucks and Chipotle did not immediately respond to Reuters' requests for comment. If the deal goes through, CEO Brian Niccol would return to lead the Mexican grill chain he ran before joining the coffee giant two years ago. "For SBUX, we think investors would view this as a distraction for management's time and energy—after all, there is still much work to be done to revive the Starbucks brand, particularly concerning the fundamentals of same-store sales in North America, as the company gradually exhausts easily achievable growth points through 2027 and beyond," said RBC Capital Markets analyst Logan Reich. According to data from the London Stock Exchange Group (LSEG), CMG has a market capitalization of about $39 billions, while SBUX is valued at $107 billions. As of the close of the last trading day, SBUX has risen about 11% year-to-date, while CMG has fallen by 17%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translations may be inaccurate or lack contextual nuances, Reuters does not guarantee the accuracy of translated texts, which are provided solely for reader convenience. Reuters accepts no liability for any loss or damage arising from the use of automated translations.)

02:12 PM EDT, 10/08/2026 (MT Newswires) -- Nvidia-backed (NVDA) Firmus Grid is poised to delay its initial public offering amid slack investor demand, Bloomberg News reported Thursday, citing people familiar with the matter. The Australian data center company had been looking to raise as much as $5.5 billion including an overallotment option, indicating a $30.4 billion valuation, and may consider a private funding round instead, the report said. Firmus didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 230.30, Change: -7.17, Percent Change: -3.02

Correction to point 4: The market capitalization should be approximately $39 billion for Chipotle, not Starbucks. On October 8 — Starbucks (SBUX.O) shares fell by as much as 6.66%, trading at $87.35. The Financial Times, citing people familiar with the matter, reported that the company had explored the possibility of acquiring Chipotle Mexican Grill (CMG.N) (link). The report stated that the progress of the potential acquisition remains unclear. Chipotle (CMG) has a market capitalization of about $39 billion. Chipotle (CMG) shares once surged by as much as 8.55% to $33.40. Chipotle did not immediately respond to a Reuters request for comment. As of the previous trading day's close, SBUX shares were up about 10% year-to-date, while CMG shares had fallen by 12% over the same period. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any damage or losses resulting from the use of the automated translation function.)