Stock Market and Investments:
- AH shares show a divergent trend, with the technology index rising while the Shanghai Composite Index opens slightly lower. The photovoltaic sector remains active, and offshore RMB strengthens by 280 points.
- The Japanese stock market may achieve its largest annual gain since 2013; the U.S. stock market is approaching historic highs again.
- Offshore RMB surpasses the 7.1 mark, reaching a new high since June this year.
- U.S. retail giants Costco and Walmart start selling gold and silver, driving up gold prices.
- Chairman Gao Bin of Jinglin Yuan has been arrested, and the case is under further investigation.
- Is ChatGPT facing destruction? GPT-4 is alleged to copy text verbatim; OpenAI may face compensation claims in the billions.
Economic Policies and Outlook:
- Interest rates for the most common type of U.S. home loans have dropped for the ninth consecutive week, reaching the lowest level since May.
- Vietnam's economic growth for 2023 slows to 5.05%.
- The U.S. dollar ends a two-year winning streak, with market speculation of a rate cut in 2024.
- The U.S. proposes to the G7 to discuss the confiscation of frozen $300 billion worth of Russian assets.
Corporate Developments:
- Huawei expects sales revenue to exceed CNY 700 billion in 2023.
- India has blocked the websites of nine cryptocurrency exchanges, including Binance, preventing access for users within the country.
- Lei Jun acknowledges the high pricing of Xiaomi's first car, SU7, leading to a more than 3% drop in Xiaomi's stock price today.
- Nvidia launches a new graphics card for the Chinese market to circumvent U.S. sanctions.
Global Markets and Commodities:
- Oil prices end a record streak due to demand concerns, set to decline by 10% this year.
- Hong Kong (China) and India jointly crack a transnational money laundering case in the gemstone trade, involving an amount as high as $500 million.
