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The Hang Seng Index fell by 1.6%; Led by industrial and commercial stocks, the Hang Seng Index fell 1.6% to 20,072.69 in Hong Kong. In midday trading, industrial and commercial stocks led the market down, and all kinds of stocks fell; Of the 83 stocks, 75 fell and 7 rose. Meituan dragged down the index the most, falling by 2.8%. Budweiser Asia Pacific suffered the biggest decline, down 6.1%.CMB International: Upgraded the target price of WuXi Bio to HK$ 22.88, optimistic about the company's valuation and performance repair. CMB International published a report, predicting that the US Biosafety Act will fail with high probability, which will help WuXi Bio to achieve continuous performance growth in a relatively stable business environment. With the recovery of global biomedical financing, we are optimistic about the company's valuation and performance repair. According to the report, the NDAA in FY 2025 does not include the Biosafety Act, and the legislation of the Biosafety Act failed with high probability. On December 7, the US Senate and the House Armed Services Committee announced the National Defense Authorization Act (NDAA) for fiscal year 2025, which was finally negotiated by the committees of the two houses. The Biosafety Act was not included in the amendment of NDAA in FY 2025, which means that the Biosafety Act failed to pass the legislative path of joining NDAA. The Biosafety Act can still promote separate legislation, but considering that the window of the current US Congress session is less than two weeks, the Bank believes that the success rate of separate legislation is extremely low. CMB International maintained the "Buy" rating of Yaoming Bio, and its target price rose from HK$ 13.58 to HK$ 22.88. It is estimated that the company's revenue will increase by 7.1%/12.4%/ 13.9% from 2024 to 2026, and its adjusted net profit will increase by 0.8%/11.1%/13.4% respectively.Turkish regulators blocked access to dozens of cryptocurrency exchanges, and the Turkish Capital Markets Board listed websites that allegedly provided unauthorized cryptoasset services to Turkish customers.

Market news: Russian troops advance to strategic cities in eastern Ukraine.Li Zaiming, leader of the largest opposition party in South Korea, issued a statement urging members of the ruling party to support the impeachment of Yin Xiyue. Li Zaiming, leader of the Common Democratic Party, the largest opposition party in South Korea, issued a statement in the National Assembly on the 13th, calling on members of the ruling party, members of the National Force, to vote on the impeachment case of President Yin Xiyue on the 14th and support the passage of the case.Research shows that the French "online celebrity" economy will earn nearly 6.5 billion euros in 2024. A research report released in Paris recently shows that the French "online celebrity" economy will earn nearly 6.5 billion euros in 2024, accounting for 0.16% of the country's gross domestic product (GDP).

In the first 11 months of this year, Guangdong's import and export increased by 10% year-on-year. According to statistics from Guangdong Branch of the General Administration of Customs, in the first 11 months of this year, Guangdong's foreign trade import and export reached 8.27 trillion yuan, up by 10% year-on-year, faster than the national growth rate by 5.1 percentage points, accounting for 20.8% of the national total import and export value. Among them, exports were 5.37 trillion yuan, an increase of 8.7%; Imports reached 2.9 trillion yuan, up by 12.6%.The Philippines' current account deficit in the third quarter was $5.7 billion.South Korea's stock market is bound to erase all the declines since the martial law storm, and South Korea's benchmark stock index will continue to rebound on Friday, which is bound to recover all the lost ground since the martial law storm. South Korea's Kospi index once rose by 0.7%, heading for four consecutive gains, erasing all the declines since December 3 in intraday trading. Late that night, South Korean President Yin Xiyue announced martial law and then hastily lifted it, shocking the world. Investors believe that South Korea's stock market has fallen too far recently, and expect that if Congress passes the second impeachment motion against Yin Xiyue over the weekend, the risk of political turmoil will be alleviated. Although Yin Xiyue refused to step down and vowed to fight to the end, there are more and more signs that some ruling party members may support the impeachment motion.