Real-time News

On December 9th, Citigroup issued a research report stating that it has updated its model for Hong Kong Exchanges and Clearing Limited (00388.HK) and taken into account trading data from November 25th of this year. The report slightly lowered its earnings per share forecast for HKEX for fiscal years 2025 to 2027 by 1%, mainly due to a 1% to 3% reduction in its forecast for average daily turnover of Hong Kong stocks. Citigroup maintained its "Buy" rating on HKEX, but lowered its target price from HK$515 to HK$505.

According to a Reuters poll, 26 out of 27 economists expect the Philippine central bank to cut its benchmark interest rate by 25 basis points to 4.50% on December 11.

According to a Reuters poll, most economists expect the Philippine central bank to cut its key policy rate to 4.25% in the first quarter of 2026.

JPMorgan Chase CEO Jamie Dimon: (On artificial intelligence) Perhaps one day, we will work less hard, but life will be better.

Ascletis Pharma (01672.HK) surged over 20% after a positive top-line result was obtained from a 13-week Phase II study of ASC30 for the treatment of obesity.

According to the Wall Street Journal: Oracle founder Larry Ellison called US President Trump after the Netflix (NFLX.O) deal was announced, and Ellison told Trump that the Netflix deal would harm competition.

On December 9th, it was reported that the "Several Measures of Xiamen Municipality to Promote the Development of the Integrated Circuit Industry" were released for public comment. Among the measures, it was mentioned that support would be provided for breakthroughs in key materials. Enterprises engaged in the research and development of key materials supporting integrated circuit manufacturing and packaging, such as lithography materials, packaging substrates, and wide-bandgap semiconductor materials, would receive an annual subsidy of up to 30% of their key material R&D expenses, with a maximum of 5 million yuan. Support would also be provided for breakthroughs in core equipment. Enterprises engaged in the research and development of core equipment supporting integrated circuit manufacturing and packaging would receive an annual subsidy of up to 30% of their core equipment R&D expenses, with a maximum of 10 million yuan.

On Tuesday, December 9th, the Hong Kong Hang Seng Index opened 15.61 points higher, or 0.06%, at 25780.97 points; the Hang Seng Tech Index opened 6.48 points lower, or 0.11%, at 5656.07 points; the H-share Index opened 0.42 points higher, or 0.0%, at 9083.11 points; and the Red Chip Index opened 4.27 points lower, or 0.1%, at 4214.01 points.

The European Parliament stipulates that only large companies with more than 5,000 employees and an annual turnover of more than 1.5 billion euros are required to conduct due diligence on the adverse effects of their operations.

The European Parliament stipulates that companies with more than 1,000 employees and an annual turnover of over 450 million euros must report on their sustainability.

Hang Seng Index futures opened 0.14% higher at 25,813 points, a premium of 48 points.

European Parliament: Parliament and member state negotiators have reached a provisional agreement to update EU rules on corporate sustainability reporting and due diligence requirements.

December 9th - On December 8th, Li Chenggang, China's International Trade Representative and Vice Minister, met with New Zealand Ambassador to China, George W. Bush, at the latter's request. The two sides exchanged views on developing China-New Zealand economic and trade relations and carrying out regional and multilateral economic and trade cooperation.

Sources say U.S. Defense Secretary Hergsays is expected to brief the eight-member panel of lawmakers on Tuesday.

December 9th - It was recently learned from the National Standardization Administration that the new version of the mandatory national standard "Safety Technical Conditions for Vehicles Transporting Dangerous Goods" will come into effect on July 1st next year. From exterior visual signage to intelligent equipment, the standards have been comprehensively upgraded to effectively prevent and minimize the harm of accidents.

Futures News, December 9th: Oil prices ended their consecutive rise and fluctuated downwards. Gasoline and diesel shipments were sluggish, and the news for fuel oil was bearish. Downstream buyers returned to a wait-and-see attitude and were cautious about operating on high-priced resources. Refineries were slow to ship and found it difficult to maintain prices. It is expected that today's negotiations will remain stable in some areas, while some may see a slight decline.