Xin Lang Cai Jing·2025-12-18 00:57International News - The US stock market saw a decline on Wednesday, with the Dow Jones falling by 0.47%, the Nasdaq by 1.79%, and the S&P 500 by 1.14%. Notably, Tesla and Broadcom dropped over 4%, while Oracle fell more than 5% [1][12] - In after-hours trading, Micron Technology's stock increased by 9% [2][13] - The Nasdaq Golden Dragon China Index decreased by 0.76%, with several Chinese concept stocks like Shengfeng Logistics, Furlong Group, and Huya experiencing significant declines [3][14] - The cryptocurrency market exhibited notable volatility, with Bitcoin fluctuating between $89,000 and $90,000 before dropping below $86,000, resulting in a daily decline of 2.21%. Ethereum fell below $2,800, down 5.61% for the day [3][14] - In the commodities market, energy products showed significant gains, with Brent crude oil rising by 3% to $60.69 per barrel, and US natural gas futures increasing by over 4% to $3.387 per million British thermal units [3][14] - Precious metals saw gains, with New York gold futures surpassing $4,380 per ounce, up 1.10%, and silver futures exceeding $67 per ounce, up 5.82% [4][15] - The World Bureau of Metal Statistics reported a projected shortage of 0.14 million tons of refined copper by October 2025, while a cumulative surplus of 3.61 million tons was recorded from January to October [5][16] - The US Senate passed a $900.6 billion defense authorization bill for the fiscal year 2026, which will be sent to Trump for signing [5][16] - Trump is expected to sign an executive order to redefine cannabis laws and impose sanctions on Venezuela to regain oil extraction rights [5][16] - The US plans to revoke citizenship from more individuals, and legal expert Alan Dershowitz stated that the constitutionality of Trump's third term remains uncertain [6][17] - Russian President Putin indicated that Russia would pursue its goals in Ukraine through diplomatic or military means, asserting that the West is the instigator of the conflict [6][17] - The US and Russia are scheduled to hold talks regarding the Ukraine conflict in Miami this weekend, while the US has allowed certain transactions related to Russian civilian nuclear energy [7][18] - Google is collaborating with Meta to expand AI chip software support, aiming to run TPU on the PyTorch tool as a replacement for Nvidia's solution [7][18] - Novartis and Roche are nearing an agreement with the White House regarding drug pricing discussions [7][18] - The Federal Reserve issued a regulatory notice to Citigroup, requiring improvements in risk management [7][18] - The German Bundestag approved a €50 billion defense procurement plan, and US Treasury Secretary Yellen confirmed that Bridgewater founder Dalio has joined Trump's team [7][18] Domestic News - According to the People's Daily, from January to November, China's railways transported 4.28 billion passengers, setting a historical record for the same period. During the same time, express delivery volume increased by 14.9%, with business revenue rising by 7.1% [8][19] - In regional development, Fujian is implementing a new era of mountain-sea cooperation, while Xi'an in Shaanxi is driving high-quality development through technological innovation. The Hainan Free Trade Port has made progress, with customs clearance for goods entering and exiting "first" and "second" lines starting on December 18, along with the opening of eight foreign trade ports and ten "second" line ports [8][19] - SenseTime Group announced a placement of 1.75 billion Class B shares at a price of HKD 1.80 per share [9][20] - In the domestic commodities market, silver futures rose by 4%, currently priced at CNY 15,612.00 [10][20] - The Chinese Ministry of Foreign Affairs' special envoy for Asian affairs will visit Cambodia and Thailand on December 18 to mediate the border conflict between Cambodia and Thailand, with China expressing its intention to promote a resolution [11][20]