Nasdaq China Golden Dragon Index fell to 4%, Nasdaq China Golden Dragon Index fell to 4%, and China ETF fell more than 12% when it tripled its wealth. Fangduoduo fell more than 20%, Tiger Securities fell nearly 12%, Billie Billie fell more than 10%, Netease, Baidu and Pinduoduo fell more than 4%.White House: Biden is fully briefed by the National Security Team.The Economic Affairs Committee of the Brazilian Senate approved Nilton David as the director of the central bank's monetary policy.
Henan: This year, the limit of "debt conversion" has been fully issued. On the 10th, the Finance Department of Henan Province reported that the province successfully issued 30,444.53 million yuan of government bonds in Shanghai, all of which are special bonds for refinancing, mainly used to replace existing implicit debts. So far, the local government debt limit issued by the Ministry of Finance of China in 2024 to replace the hidden debt in stock has been fully issued. The Henan Provincial Department of Finance reported that the members of the underwriting syndicate subscribed enthusiastically, and the subscription multiple of the whole audience reached 30.86 times, which fully reflected the investors' high recognition and confidence in Henan's economic development, financial strength and government credit.Amazon will try out the fast delivery service in India and promise to deliver it within 15 minutes. amit agarwal, senior vice president of emerging markets of Amazon, said in an interview on December 10th that Amazon will try out the delivery service in Bangalore, India for 15 minutes or less. "The catalogue of products involved in the service will range from groceries to household items, depending on the community it serves". Companies such as Blinkit, a subsidiary of Indian takeaway giant Zomato, Swiggy supported by Softbank and BigBasket, a subsidiary of Tata Group, dominate the Indian grocery express delivery market, and some of them have launched the fastest 10-minute express delivery service.Polish Prime Minister Tusk said that the Russian-Ukrainian peace talks may start this winter, and Polish Prime Minister donald tusk said on Tuesday that the peace talks on the Russian-Ukrainian war may start this winter.
U.S. stocks fell. Nasdaq China Jinlong Index fell more than 3%,iShares China large-cap ETF fell 3.8%, KraneShares CSI China Internet ETF fell 3.9%, and Nasdaq China Jinlong Index fell more than 3%. BILI.O fell by 8%, FUTU.O by 6% and Xpeng Motors by 4%.Xiaomi Automobile: Xiaomi YU7 and Xiaomi SU7 use the same family-style design language. On the evening of December 10th, Xiaomi Automobile said that Xiaomi YU7 and Xiaomi SU7 use the same family-style design language, and they all have a series of common features in body proportion posture, water droplet headlights, halo taillights, smooth and full ripple surfaces and aerodynamic duct design. Xiaomi Auto said that Xiaomi YU7 is read directly with the original pronunciation of letters: Y-U-7; It is expected to be officially listed in June and July 2025, and a large-scale road test is currently underway. After the Xiaomi YU7 test car is removed from heavy camouflage, I believe that everyone will find more surprising details one after another.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.