Group 1 - UBS Group AG increased its stake in Lens Technology (06613.HK) by purchasing 676,000 shares at an average price of HKD 27.1371 per share, amounting to approximately HKD 18.345 million [1] - Following the acquisition, UBS Group AG's total shareholding in Lens Technology rose to 36,557,344 shares, increasing its ownership percentage from 11.90% to 12.12% [1]

Core Viewpoint - Capgemini SE has appointed Ms. Lila Tretikov as a new director following the resignation of Ms. Megan Clarken, aiming to enhance the board's diversity and expertise in technology and artificial intelligence [4][6]. Board Composition - As of January 5, 2026, the Board of Directors consists of 15 members, with 83% being independent, 40% having international profiles, and 42% being women [7][14]. - The board includes two directors representing employees and one representing employee shareholders, which are not counted in the percentage of independent members [14]. New Director Profile - Ms. Lila Tretikov is recognized for her expertise in Artificial Intelligence and business transformation, currently serving as Head of AI Strategy at New Enterprise Associates, Inc. [5][8]. - She has a background in computer science specializing in AI and has held significant positions at Microsoft and Engie SA, contributing to large-scale AI transformations [9][10]. Transition Details - Ms. Tretikov's nomination is effective immediately and she will serve the remainder of Ms. Clarken's mandate until the AGM in 2027 [6][14]. - The board expressed gratitude to Ms. Clarken for her contributions during her tenure [6].

Group 1 - UBS Group AG increased its stake in SANY Heavy Industry Co., Ltd. (06031) by purchasing 86,600 shares at a price of HKD 21.5263 per share, totaling approximately HKD 1.8642 million [1] - After the purchase, UBS's total shareholding in SANY Heavy Industry reached approximately 57.7074 million shares, representing a holding percentage of 8.01% [1]

Group 1 - UBS Group AG increased its stake in ZTE Corporation (00763.HK) by purchasing 4,319,650 shares at an average price of HKD 28.9754 per share, amounting to approximately HKD 125 million [1] - Following this transaction, UBS's total holdings in ZTE Corporation rose to 68,306,623 shares, increasing its ownership percentage from 8.47% to 9.04% [1][3]

Summary of Key Points - UBS Group AG reduced its stake in Longpan Technology (02465) by 513,000 shares at an average price of HKD 14.8242 per share, totaling approximately HKD 7.6048 million [1][3] - After the reduction, UBS's latest shareholding stands at 9.2385 million shares, representing a holding percentage of 7.70% [1][3]

Core Viewpoint - UBS Group AG has reduced its stake in Longpan Technology (603906)(02465) by selling 513,000 shares at an average price of HKD 14.8242 per share, totaling approximately HKD 7.6048 million, resulting in a new holding of 9.2385 million shares, representing 7.70% of the company [1] Summary by Category - **Share Reduction**: UBS Group AG sold 513,000 shares of Longpan Technology at an average price of HKD 14.8242 per share [1] - **Total Amount**: The total amount from the sale was approximately HKD 7.6048 million [1] - **Current Holdings**: After the reduction, UBS's latest holding is 9.2385 million shares, which corresponds to a holding percentage of 7.70% [1]

Economic Indicators - The Empire State manufacturing index unexpectedly fell to -3.9 in December, weaker than the expected 10.0 [3] - Economists forecast that Nonfarm Payrolls for November will be 51K, with October payroll data expected to show substantial losses in government jobs [6] - U.S. Average Hourly Earnings for November are expected to rise by +0.3% month-over-month and +3.6% year-over-year, compared to +0.2% month-over-month and +3.8% year-over-year in September [8] - Retail sales for October are anticipated to rise by +0.1% month-over-month, while core retail sales are expected to increase by +0.2% month-over-month [9] - The December S&P Global Manufacturing PMI is expected to be 52.0, and the S&P Global Services PMI is expected to be 54.0 [10] Stock Market Movements - Wall Street's main stock indexes ended in the red, with ServiceNow (NOW) plunging over -11% after news of a potential acquisition for $7 billion [4] - Cryptocurrency-exposed stocks fell as Bitcoin's price dropped more than -4%, with Riot Platforms (RIOT) down over -10% and Strategy (MSTR) down more than -8% [4] - iRobot (IRBT) plummeted over -72% after filing for Chapter 11 bankruptcy protection [4] - KLA Corp. (KLAC) rose more than +2% after being upgraded to Buy from Hold with a price target of $1,500 [4] Central Bank Insights - Fed Governor Stephen Miran indicated that the central bank's policy stance is overly restrictive for the economy, citing a benign inflation outlook [2] - New York Fed President John Williams stated that monetary policy is well-positioned for next year following a recent rate cut [2] - Boston Fed President Susan Collins supported the recent rate cut, noting that the balance of risks had shifted [2] European Market Developments - The Euro Stoxx 50 Index is down -0.14%, with defense stocks slipping due to progress in Ukraine peace talks [11] - Eurozone business activity growth slowed more than anticipated in December, with manufacturing contraction deepening [11] - The German December ZEW Economic Sentiment Index came in at 45.8, stronger than expectations of 38.4 [13] Asian Market Trends - China's Shanghai Composite Index closed down -1.11%, with economic indicators showing weakened momentum in November [15] - Japan's Nikkei 225 Stock Index closed sharply lower, with financial and energy stocks leading the declines [16] - The Japanese December au Jibun Bank Manufacturing PMI (preliminary) stood at 49.7, stronger than expectations of 49.0 [18]

Group 1 - UBS Group AG increased its stake in Lion Group Holdings (02562.HK) by purchasing 1.45 million shares at an average price of HKD 3.5558 per share, totaling approximately HKD 5.156 million [1] - Following the purchase, UBS's total holdings in Lion Group increased to 28.8875 million shares, raising its ownership percentage from 5.99% to 6.30% [1][3] - The transaction occurred on December 2, 2025, as per the latest disclosure from the Hong Kong Stock Exchange [1][2]

Group 1 - UBS Group AG increased its stake in Far East Horizon (03360.HK) by purchasing 362,000 shares at an average price of HKD 7.7595 per share, totaling approximately HKD 2.8089 million [1] - Following this transaction, UBS Group AG's total shareholding in Far East Horizon rose to 382,643,226 shares, which represents an increase in ownership from 7.99% to 8.00% [1]

Core Viewpoint - Rio Tinto is planning to sell its boron assets in California as part of its strategy to simplify operations under new CEO Simon Trott, with the sale expected to generate up to $2 billion [1][6]. Group 1: Company Strategy - The sale of the boron mine aligns with Rio Tinto's efforts to reorganize its operations into three divisions and review its minerals unit, which includes borates [5]. - The company has been focusing on maximizing earnings from its core businesses, primarily iron ore, copper, and aluminum [5]. Group 2: Asset Details - Rio Tinto's California boron assets include a mine and processing operations in the Mojave Desert, a refinery and shipping facility in Los Angeles, and the Owens Lake mining operation [1]. - These assets account for approximately 30% of global boron demand [2]. - The California boron mine has been operational for nearly 100 years and is a leading producer of borates and boron chemicals, with reserves expected to support production through the early 2040s [4]. Group 3: Market Context - Boron is utilized in various industrial applications, including fertilizers, glass and ceramics manufacturing, fiberglass insulation, and strengthening metal alloys [3]. - The U.S. has recognized boron as a critical mineral, highlighting its importance in economic and national security-related products [3]. Group 4: Sales Process - Rio Tinto has engaged UBS Group AG and JPMorgan Chase to assist with the sales process, which is anticipated to commence within the next two weeks [6]. - Potential bidders for the boron assets are likely to include private equity firms and chemical producers [6].