Core Viewpoint - MSCI Index will decide on January 15, 2026, whether to exclude Strategy, which could lead to significant capital outflows from global financial markets if it occurs [1] Group 1: Potential Impact of Exclusion - If Strategy is excluded from MSCI, it may face an estimated capital outflow of approximately $2.8 billion [1] - Further exclusion from other indices, such as Nasdaq 100, CRSP US Total Market Index, and FTSE Russell, could increase the outflow to about $8.8 billion [1]

Core Points - The Hang Seng Index futures (December) closed at 25,735 points, down 248 points or 0.954% [1] - The futures were trading at a discount of 242 points [1] - The total number of open contracts decreased to 104,657, a reduction of 20,113 contracts [1] - The net number of open contracts reported at 38,942, down by 5,730 contracts [1]

Core Viewpoint - The Hang Seng Index night futures for December opened at 25,590 points and showed a slight increase by 21 points or 0.082% as of 17:15 Beijing time, indicating a stable market sentiment [1] Summary by Categories Market Performance - The Hang Seng Index night futures (December) reported at 25,591 points, reflecting a gain of 21 points or 0.082% [1] - The index was trading at a premium of 60 points above the spot market [1] Trading Volume - The trading volume for the night futures was recorded at 49 contracts [1] - The total number of open contracts stood at 125,151 [1] - The net number of open contracts was reported at 46,928 [1]

Group 1 - The Hang Seng Index futures (December) closed at 25,399 points, down 41 points or 0.161%, with a discount of 35 points [1] - The total number of open contracts decreased by 9,372 to 113,640 contracts [1] - The net number of open contracts increased by 2,083 to 46,627 contracts [1]

Group 1 - The Hang Seng Index futures for December closed at 25,763 points, down 14 points or 0.054%, with a low water mark of 2 points [1] - The total number of open contracts decreased by 8,540 to 110,926 contracts [1] - The net number of open contracts reported at 44,285 contracts, a decrease of 749 contracts [1]

Core Viewpoint - As of December 9, the Hang Seng Index night futures (December) closed at 25,763 points, down 14 points or 0.054%, indicating a slight decline in market sentiment [1] Group 1 - The total number of open contracts was 110,926, a decrease of 8,540 contracts, suggesting a reduction in trading activity [1] - The net number of open contracts reported was 44,285, down by 749 contracts, reflecting a potential shift in investor positions [1]

Group 1 - The Hang Seng Index night futures (December) opened at 25,771 points and reported 25,788 points by 17:15 Beijing time, an increase of 11 points or 0.043% [1] - The futures are trading at a premium of 23 points [1] - The total trading volume was 7 contracts, with a total open interest of 119,466 contracts and a net open interest of 45,034 contracts [1]

Core Viewpoint - The Hang Seng Index night futures for December opened at 25,753 points and showed a slight increase by 23 points or 0.089% to 25,764 points as of 17:15 Beijing time, indicating a stable market performance [1] Group 1 - The trading volume for the night futures was recorded at 44 contracts [1] - The total number of open contracts reached 121,850 [1] - The net number of open contracts stood at 46,930 [1]

Core Viewpoint - The Hang Seng Index night futures for December opened at 26,047 points and showed a slight increase, indicating a stable market sentiment [1] Group 1 - As of 17:18 Beijing time, the Hang Seng Index night futures for December reported 26,065 points, up by 9 points or 0.035% [1] - The futures are trading at a premium of 32 points compared to the spot market [1] - The total trading volume reached 206 contracts, with a total open interest of 121,774 contracts [1] Group 2 - The net open interest stands at 48,071 contracts, reflecting the market's position [1]

Core Viewpoint - The Hang Seng Index night futures (December) opened at 25,885 points and showed a slight increase, indicating a stable market sentiment [1] Group 1 - As of 17:23 Beijing time, the Hang Seng Index night futures (December) reported 25,899 points, up 4 points or 0.015% [1] - The futures are trading at a premium of 40 points compared to the spot market [1] - The total trading volume was recorded at 307 contracts [1] Group 2 - The total number of open contracts stands at 117,279 [1] - The net number of open contracts is reported at 47,611 [1]