Real-time News

According to Nikkei: Japan plans to introduce tax incentives to stimulate capital spending.

Market news: Japan's Kioxia will begin producing next-generation memory chips for artificial intelligence data centers in 2026.

JD Industrial (07618.HK) opened 7.8% lower on its first day of trading, with the share price at HK$13.

On Thursday, December 11, the Hong Kong Hang Seng Index opened 169.83 points higher, or 0.66%, at 25,710.61; the Hang Seng Tech Index opened 30.83 points higher, or 0.55%, at 5,611.93; the H-share Index opened 51.58 points higher, or 0.58%, at 9,006.27; and the Red Chip Index opened 21.72 points higher, or 0.53%, at 4,140.41.

Japan's Ministry of Finance will auction 4.3 trillion yen in short-term government bonds on December 18.

Hang Seng Index futures opened 0.52% higher at 25,670 points, a premium of 129 points.

Futures News, December 11th: Crude oil prices corrected, and positive news for the fuel oil market offered limited guidance. Downstream traders remained cautious and acted on demand, while refineries maintained a slow pace of sales. It is expected that fuel oil trading will mostly stabilize today.

December 11th - Calvin Tse, Head of US Strategy and Economics at BNP Paribas: Federal Reserve Chairman Jerome Powell has served a long time and enjoys high prestige within the FOMC. Even under his leadership, three members still oppose interest rate decisions, and it's hard to imagine any new Fed Chairman easily gaining unanimous approval from the FOMC members.

On December 11th, in a social media interaction, Musk hinted that SpaceX might go public, following reports that the rocket maker plans an IPO in 2026. Musk responded to a post by Berger, saying, "As always, Eric is accurate." Eric's post read, "This is why I think SpaceX is about to go public," and included Eric's related article. Reuters reported on Tuesday that SpaceX hopes to raise more than $25 billion through an IPO in 2026, a move that could boost SpaceX's valuation to over $1 trillion.

According to Huahai Qingke, on December 10, the cumulative output of the 12-inch thinning and polishing integrated machine Versatile-GP300, independently developed by Huahai Qingke, exceeded 20 units.

On December 11th, a macro research report from Guolian Minsheng stated that, contrary to market expectations, neither Federal Reserve Chairman Powell nor the dot plot showed a more pronounced hawkish bias. Powell announced the resumption of short-term bond purchases and continued his previous stance on interest rate cuts, emphasizing that the Fed will make decisions based on economic data at each meeting, and that monetary policy has no fixed path. The dot plot also showed a more dovish distribution compared to September. Following the meeting, US stocks and precious metals surged, while the dollar and US Treasury yields weakened. However, regardless of the outcome, given the current interest rate level, the threshold for Fed rate cuts has clearly increased. The Fed will likely enter a period of observation in the first half of next year, with a significantly slower pace of change, and the political drama surrounding the Fed's independence will officially begin.

Adobe (ADBE.O) CFO: Customer engagement is increasing as AI applications become more widespread. Enterprise customers are driving growth.

A draft guideline from the UK government indicates that the UK will reform its system to expedite investigations into unfair trade practices.

Japan's Topix index rose to a record high.

A draft of UK government guidelines indicates that the UK is strengthening its trade defenses by granting the Trade Secretary the power of direct investigation.

On December 11th, a research report from CICC stated that the Federal Reserve cut interest rates by 25 basis points as expected at its December meeting, but the number of officials opposing the rate cut increased to two, indicating that the threshold for further rate cuts is rising. Meanwhile, Powell's remarks were not hawkish, and the Fed's announcement of launching short-term Treasury bill (T-bills) purchase operations helped ease market concerns. The previously fully priced-in "hawkish rate cut" expectations reversed, exacerbating market volatility. Looking ahead, given the continued downward pressure on the economy and employment, we expect the Fed to continue cutting rates in 2026; however, considering the persistent stickiness of inflation, the pace of rate cuts will likely slow. January may see no change, with the next rate cut possibly in March.

Japan's BSI large non-manufacturing confidence index was 5.1 in the fourth quarter, up from 5.2 in the previous quarter.

Venezuela issued a statement accusing the United States of "blatant theft" for seizing an oil tanker in the Caribbean.

Foreign investors reduced their purchases of Japanese government bonds by 442.6 billion yen in the week ending December 5, compared to 1,063.7 billion yen in the previous week.