Market Overview - On December 8, US stock indices collectively declined, with the Dow Jones falling by 190 points, a decrease of 0.45%. The Nasdaq dropped by 0.14%, and the S&P 500 index fell by 0.35% [1] - Market sentiment remains cautious as investors await the Federal Reserve's monetary policy meeting results, which is the last meeting of the year [1] Federal Reserve Expectations - The CME "FedWatch" tool indicates an 89.4% probability of a 25 basis point rate cut in December, with a 10.6% chance of maintaining the current rate. The probability of a cumulative 25 basis point cut by January 2024 is 68.5% [1][2] Individual Stocks Performance - Major tech stocks experienced mixed results, with Tesla down over 3%, Google down over 2%, Amazon down over 1%, and Apple down 0.32%. Conversely, Nvidia and Microsoft saw gains of over 1%, while Broadcom rose by over 2% [1] - Chinese concept stocks showed varied performance, with the Nasdaq Golden Dragon China Index up by 0.08%. Baidu and Miniso rose by over 3%, while XPeng and New Oriental increased by over 2%. NetEase fell by over 2%, and Legend Biotech dropped by over 7% [1] Notable Company Developments - Merdy Biotech surged over 102% after announcing that its obesity treatment candidate achieved an 11.3% weight reduction in mid-stage clinical trials [1] - Warner Bros. Discovery confirmed it received a non-solicited acquisition offer from Paramount Global, proposing to acquire all shares at $30 per share. The company will review and consider the offer [3]

Market Overview - US stock market showed weak fluctuations with all three major indices closing lower: Dow Jones down 215.67 points (-0.45%) at 47739.32, Nasdaq down 32.23 points (-0.14%) at 23545.90, and S&P 500 down 23.89 points (-0.35%) at 6846.51 [1] - Investors remained cautious ahead of the Federal Reserve's monetary policy meeting in December, leading to light trading activity [1] Sector Performance - Materials, energy, and telecommunications sectors led the decline, each dropping over 1%, while technology and semiconductor sectors showed resilience [1] - The US Technology Seven Giants Index slightly fell by 0.28%, with mixed performances among major tech stocks: Microsoft and Nvidia rose by 1.63% and 1.72% respectively, while Google, Amazon, and Meta dropped over 1% [1] Notable Stock Movements - Tesla experienced a significant drop of 3.4%, primarily due to Morgan Stanley's downgrade, citing high valuation and a volatile trading environment expected in 2026 [1] - Some semiconductor stocks strengthened in after-hours trading, with Nvidia and AMD both rising over 2%, and Intel increasing by 0.7% [1] Chinese Stocks Performance - Nasdaq China Golden Dragon Index slightly increased by 0.08%, with individual stocks showing mixed results [2] - Suodi Bio emerged as a highlight, with its stock price surging over 102% due to significant results from a mid-stage clinical trial for an obesity treatment candidate, achieving a 11.3% weight reduction [2] - Other notable movements included Huya and Century Internet rising over 4%, while Legend Biotech fell over 7% and ZTO Express dropped nearly 3% [2] Federal Reserve Focus - Market attention is highly focused on the upcoming Federal Reserve interest rate decision, with the probability of a 25 basis point cut rising to approximately 89% [3] - Two potential scenarios for the Fed's meeting were outlined: a dovish cut to support a weak labor market, which may raise recession concerns, or a hawkish cut with a strong policy guidance that could adjust market expectations for 2026 [3] Commodity Market - The commodity market saw adjustments, with international oil prices significantly retreating: WTI crude futures fell below $60 per barrel, and Brent crude closed at $62.48, both down about 2% [4] - Precious metals showed narrow fluctuations, with London gold slightly up by 0.02% and silver stabilizing above $58 per ounce [4] Company News - IBM announced plans to acquire data streaming platform Confluent Inc. for approximately $9.3 billion, marking its largest acquisition to date [4] - Google revealed progress on its AI glasses, with the first model featuring Gemini expected to launch in 2026, competing with Meta's products [4] - Apple’s chip business head, Johny Srouji, denied rumors of leaving the company, which helped stabilize Apple's management [4]

Market Overview - The US stock market showed a weak and fluctuating trend on December 8, with all three major indices experiencing slight declines: Dow Jones down 0.45%, Nasdaq down 0.14%, and S&P 500 down 0.35% [2] - Large technology stocks mostly declined, with the US Tech Giants Index falling by 0.28%. Notable declines included Tesla down over 3%, Google down over 2%, and Amazon down over 1% [4] Company Performance - Chinese concept stock Shodex Biotech surged over 102% after announcing that its obesity treatment candidate achieved an 11.3% weight reduction in a mid-stage clinical trial [6] - Among other Chinese concept stocks, Huya rose over 7%, while Daqo New Energy and Century Internet both increased by over 4%. Conversely, Legend Biotech fell over 7% and ZTO Express declined nearly 3% [5] Commodity Market - International silver prices have shown a downward adjustment, while international oil prices have also decreased. As of December 9, COMEX gold futures and London gold spot prices fell by 0.56% and 0.21%, respectively. COMEX silver futures and London silver spot prices dropped by 1% and 0.3% [10] - NYMEX crude oil futures fell over 2%, dropping below the $60 per barrel mark, while ICE Brent crude futures decreased by nearly 2%, settling at $62.48 per barrel [10] Federal Reserve Outlook - The market is awaiting the Federal Reserve's interest rate decision on December 9-10, with expectations leaning towards a potential 25 basis point rate cut. This meeting will also include the release of the economic forecast summary for 2025, which is anticipated to influence the Fed's policy path for 2026 [8] - Analysts suggest two possible scenarios for the Fed's December meeting: a dovish rate cut to support a weak labor market, which may signal a more significant economic slowdown, or a hawkish cut with strong guidance on future policy rates, potentially increasing market volatility [9]

Market Overview - US stock indices opened higher but turned negative, while Chinese concept stocks rose against the trend, with the China Golden Dragon Index up approximately 0.3% [2] - Bitcoin surged past $91,000, increasing by 3.6% in the last 24 hours, while Ethereum and SOL both rose over 7% [3][4] Chinese Concept Stocks - Notable gainers included Huya, which rose nearly 8%, and Daqo New Energy, which increased by 6.4% [2] - Pinduoduo and Baidu also saw gains, with Baidu up over 3% [2] - On the downside, Pop Mart's US stock fell approximately 8% [2] Cryptocurrency Market - Major cryptocurrencies experienced significant gains, with Bitcoin at $91,330.8 (+3.56%), Ethereum at $3,156.8 (+7.30%), and SOL at $137.8 (+7.40%) [4] - The total liquidation amount in the market reached $325 million, with nearly $200 million attributed to short positions [3][5] Gold and Silver Market - Gold prices fell below $4,200 per ounce, with COMEX silver dropping over 1% [6][7] US Treasury Yields - US Treasury yields continued to rise, with the 10-year yield reaching its highest level since October 7 [8][9] Federal Reserve Interest Rate Decision - The Federal Reserve is expected to announce a 25 basis point rate cut, with a probability of 89.6% according to market indicators [11] - Economists suggest that the focus is shifting from whether to cut rates to the implications of the decision and future policy direction [12]

Group 1 - The Chinese stock market showed resilience with the China Golden Dragon Index rising approximately 0.3%, driven by significant gains in companies like Huya (+8%), Daqo New Energy (+6.4%), and Baidu (+3%) [1] - Conversely, Pop Mart faced a sharp decline, dropping about 8% and experiencing a 40% decrease over the past four months, resulting in a market capitalization loss exceeding 180 billion HKD [1] - In the cryptocurrency sector, major stocks like Coinbase and Strategy saw gains, with Bitcoin breaking above $91,000, reflecting a 3.6% increase in the last 24 hours [3][4] Group 2 - Notable individual stocks included Warner Bros. Discovery, which rose nearly 7%, while Netflix saw a decline of approximately 3.7% amid acquisition news [5] - CoreWeave, a stock held by Nvidia, experienced a drop of over 5% after announcing a plan to issue $2 billion in convertible senior notes [5] - Precious metals like gold and silver saw declines, with spot gold falling below $4,200 per ounce and COMEX silver dropping over 1% [6] Group 3 - The Federal Reserve is expected to announce a 25 basis point rate cut, with a probability of 89.6% according to market forecasts [9] - Economists suggest that the focus is shifting from whether to cut rates to the implications of the decision and future policy directions [9][10] - The potential appointment of a dovish Fed chair, such as Harker, may lead to limited and gradual policy adjustments [10]

Core Insights - Structure Therapeutics announced a weight reduction of 11.3% from its obesity treatment candidate in a mid-stage clinical trial [1] - The company's stock surged by 41.8% in pre-market trading following the announcement [1] Company Summary - Structure Therapeutics is a biotechnology company focused on developing treatments for obesity [1] - The positive results from the clinical trial may enhance the company's market position and investor interest [1]