No Data
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
China to Lift Fiscal Spending to Boost Economy
China's Auto Sector Gets Boost From National Trade-in Policy in November
China Central Economic Work Conference: A Key Indicator for Future Market Trends
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor
① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.
