About 40% of South Korea's stock prices hit a new low in the year, and the exchange rate of the won against the US dollar fell for four consecutive trading days. Today is the first trading day after the abolition of the impeachment motion of the South Korean President. Due to political instability, the financial market in South Korea fluctuated violently today. The Korea Composite Stock Index closed at 2360.58 points, down 2.78% from the previous trading day, and closed down for four consecutive trading days. Statistics show that about 40% of the stocks listed on South Korea's main board and Growth Enterprise Market today hit a new low this year. In addition, the exchange rate of the Korean won has also dropped simultaneously today. At the close, the exchange rate of the Korean won against the US dollar was 1,437 won to the US dollar, and the closing price hit the lowest value in more than two years for four consecutive trading days. (CCTV Finance)India appointed Sanjay Malhotra as the governor of the Bank of India. On December 9th, the Indian government appointed Sanjay Malhotra as the new governor of the Reserve Bank of India (the Bank of India) for a term of three years. Shakti Kanta Das's term of office will end this month.According to sources, Greece will repay the first batch of rescue loans of 7.9 billion euros in advance on December 13th.
Market news: Putin will extend the permission of some Russian companies not to consider voting by shareholders from unfriendly countries until the end of 2025.Contemporary Amperex Technology Co., Limited's "knife-moving" passenger car business: the CEO became a virtual post, and the horse racing mechanism was implemented. As the penetration of new energy vehicles accelerated in 2025, Contemporary Amperex Technology Co., Limited started the knife-moving adjustment of passenger car business. The most iconic thing is that the business veterans of this battery leader have retreated and turned to the "horse racing" mechanism under the existing system. According to sources, Zhu Wei, the executive director of Contemporary Amperex Technology Co., Limited Passenger Car Division, and Liu Changyan, the former head of Times Changan Company, have been upgraded from level 16 to level 17, but they are no longer responsible for specific business. Instead, Contemporary Amperex Technology Co., Limited's power battery passenger car business will implement the group responsibility system, "including the business that Zhu Wei is responsible for, it will be divided into 12 groups, reporting to Han Wei". According to sources, these groups mainly continue the previous business scope and divide them according to the corresponding customer orientation. Han Wei is the co-president in charge of marketing business in Contemporary Amperex Technology Co., Limited, and was previously the president of commercial vehicle division in Contemporary Amperex Technology Co., Limited. In early 2023, he succeeded Tu Feng as the co-president of Contemporary Amperex Technology Co., Limited market system. "Whoever runs out of these groups will be eligible for promotion." The above-mentioned person said, "Zhu Wei, these veterans, are more likely to play the role of a sponsor." According to the analysis of Contemporary Amperex Technology Co., Limited observers, on the whole, Contemporary Amperex Technology Co., Limited's adjustment is to "make room for veterans who have earned enough stock incentives and are old enough to give way to more aggressive young people". (36Kr)Trump Group plans to build more projects in Saudi real estate market, and Trump Group and luxury real estate developer Dar Global Plc plan to build two new luxury projects in Saudi Arabia in order to benefit from the country's fast-growing real estate market.
About 40% of South Korea's stock prices hit a new low in the year, and the exchange rate of the won against the US dollar fell for four consecutive trading days. Today is the first trading day after the abolition of the impeachment motion of the South Korean President. Due to political instability, the financial market in South Korea fluctuated violently today. The Korea Composite Stock Index closed at 2360.58 points, down 2.78% from the previous trading day, and closed down for four consecutive trading days. Statistics show that about 40% of the stocks listed on South Korea's main board and Growth Enterprise Market today hit a new low this year. In addition, the exchange rate of the Korean won has also dropped simultaneously today. At the close, the exchange rate of the Korean won against the US dollar was 1,437 won to the US dollar, and the closing price hit the lowest value in more than two years for four consecutive trading days. (CCTV Finance)Hua Fu Securities Interpretation of the Politburo Meeting in December: More incremental policies can be expected in the future. The Hua Fu Securities Research Report pointed out that the Politburo Meeting in December decided to implement more active and promising macro policies in economic work next year, which released major signals to the market, including: First, it proposed to implement a more active fiscal policy, which was also proposed in response to the impact of the COVID-19 epidemic in 2020. Second, it is proposed to implement a moderately loose monetary policy, which is more positive than the previous statement. Moreover, from the historical experience, the "moderately loose" monetary policy implemented in China after the last financial crisis in 2009-2010 has significantly enhanced its support for economic growth. This change in expression will send a clearer and clearer policy signal to the market. Third, it is proposed for the first time to strengthen unconventional countercyclical adjustment, and more incremental policies can be expected in the future. Fourth, after the policy adjustment, the expansion of domestic demand will be put in the first place, which highlights the importance and policy determination of expanding domestic demand next year. The follow-up consumption promotion policy may exert its efforts in many aspects, such as continuously promoting the trade-in of consumer goods, introducing incremental measures related to service consumption, and improving the support and protection of low-and middle-income people. Fifth, it is clearly proposed to stabilize the property market stock market, which will help to continuously consolidate the momentum of stabilization and recovery of the real estate market and give full play to the important functions of the capital market.Iran: It has established contact with Syrian "opposition forces". According to Reuters's report on December 9, a senior Iranian official told Reuters on September 9 that after Bashar al-Assad, Iran's main ally, was ousted, Iran has established direct communication channels with opposition forces within the new Syrian leadership to prevent a "hostile track" between the two countries. (Xinhua News Agency)
Strategy guide 12-13
Strategy guide 12-13