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Australia's S&P/ASX 200 index closed down 0.5% to 8,353.60 points.Chen Honghui, director of the Health and Health Commission of Hubei Province, is the new deputy secretary of Yichang Municipal Committee. According to the Three Gorges Daily in Yichang, Hubei Province, on December 10th, Yichang held a meeting of leading cadres in the whole city, and the organization department of Hubei Provincial Committee announced that Chen Honghui was appointed as a member, standing committee member and deputy secretary of CPC Yichang Municipal Committee. Previously, Chen Honghui served as Party Secretary and Director of Hubei Provincial Health and Wellness Committee.Morgan Asset Management: Trump's economic policy is generally beneficial to the US economy to maintain the "overweight" rating on US stocks and credit. Sheng Nan, global multi-asset strategist of Morgan Asset Management, said that it is expected that the economic policy of US President-elect Trump will be generally beneficial to the local economy, but the implementation order of specific policies will also determine the growth trajectory in the next two years. Sheng Nan mentioned that Trump pays more attention to deregulation and measures to boost finance by extending tax cuts, which will improve business confidence, open capital markets and accelerate growth and return on assets. However, if the focus is on immigration and tariff policies, the interruption of labor supply or trade may have negative consequences, inhibit economic growth and lead to asset market fluctuations. Sheng Nan believes that despite the above uncertainties, the US economy is expected to grow strongly next year, and the local GDP will not slow down to 2% until the fourth quarter of next year, so he maintains the "overweight" rating on US stocks and credit.

At midday, the main contract of alumina futures opened lower, and now it is down nearly 3% to 5101 yuan/ton. In the news, according to Shanghai Nonferrous Metals, on December 10th, 30,000 tons of alumina was sold overseas, with a transaction price of $680/mt FOB Western Australia, and the shipping date was in late January/early February.Moon Jae in: Impeachment is inevitable, and the candidate for acting president should be established as soon as possible. On the 11th local time, former South Korean President Moon Jae in posted on social media that impeachment is an inevitable way out at this stage. South Korea should establish a candidate for acting president as soon as possible to ensure that the political situation in South Korea returns to normal. (CCTV News)Chip heavyweights continued to fall in the afternoon, with Zhongwei diving down more than 5%, Haiguang Information down more than 4%, and SMIC and North Huachuang down more than 1%.

Hanyu Pharmaceutical Co., Ltd. signed a strategic cooperation agreement with Longma Technology. Recently, Hanyu Biotechnology (Dali) Co., Ltd., a subsidiary of Hanyu Pharmaceutical Co., Ltd., signed a strategic cooperation agreement with Longma Technology Group. The two sides will cooperate in the medical application of industrial cannabis and drug research and development around drugs and cannabinoids.Moon Jae in: Impeachment is inevitable, and the candidate for acting president should be established as soon as possible. On the 11th local time, former South Korean President Moon Jae in posted on social media that impeachment is an inevitable way out at this stage. South Korea should establish a candidate for acting president as soon as possible to ensure that the political situation in South Korea returns to normal. (CCTV News)Canalys: It is estimated that the market size of generative AI will reach 72.8 billion dollars in 2029. According to Canalys' latest forecast, the global generative artificial intelligence (AI) market is still in its infancy, and it will grow fivefold in five years, from 14.6 billion dollars in 2024 to 72.8 billion dollars in 2029. Top applications include consumer, corporate services, retail, media and entertainment, and health care.