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The leader of the ruling party in South Korea: Yin Xiyue's speech was not a reflection on the emergency martial law, but an attempt to rationalize it. Han Dongxun, the leader of the ruling party in South Korea, said today (December 12) that Yin Xiyue was completely unexpected to make a speech to the people. He said that the unified position of the ruling party should be in favor of the impeachment of the president. Yin Xiyue's speech is not a reflection on emergency martial law, but an attempt to rationalize it. (CCTV International News)Central Bank: On December 18th, 20 billion yuan of central bank bills will be issued. On December 18th, the People's Bank of China will issue the 12th issue of central bank bills in 2024 through the CMU bond bidding platform of the Hong Kong Monetary Authority. The 12th central bank bill has a maturity of 6 months (182 days), and is a fixed-rate interest-bearing bond, with a circulation of RMB 20 billion. The value date is December 20, 2024, and the maturity date is June 20, 2025, and the maturity date will be postponed in case of a holiday.Agency: It is expected that the shipment of folding smartphones will continue to decline in 2025. According to the latest report of Counterpoint Research, the year-on-year shipment of folding smartphone displays declined for the first time in the third quarter of 2024, and it is expected that the shipment in 2025 will also continue to decline. The agency expects Apple to enter the market in the second half of 2026. In addition, more multi-fold products are expected to be launched in 2026, and the first slidable notebook computer is expected to be available in 2025.

The leader of the ruling party in South Korea: Yin Xiyue's speech was not a reflection on the emergency martial law, but an attempt to rationalize it. Han Dongxun, the leader of the ruling party in South Korea, said today (December 12) that Yin Xiyue was completely unexpected to make a speech to the people. He said that the unified position of the ruling party should be in favor of the impeachment of the president. Yin Xiyue's speech is not a reflection on emergency martial law, but an attempt to rationalize it. (CCTV International News)On the 12th local time, South Korea's Ministry of National Defense suspended Park An-soo, former martial law commander and army chief of staff.USD/JPY fell 0.29% to 152.02.

The central bank today conducted a seven-day reverse repurchase operation of 66.1 billion yuan, and the winning bid rate was 1.50%, which was the same as before. As 37.3 billion yuan of 7-day reverse repurchase expired today, the net investment on that day was 28.8 billion yuan.Large-scale consumer stocks were repeatedly active, such as Zhongbai Group, which continued to be active in early trading. Retail and food led the gains, while Zhongbai Group, Maoye Commercial, Youa Shares, Dashang Shares, Dongbai Group, Easyhome, Liangpin Shop, Li Ziyuan and other stocks were daily limit.The Hang Seng Index and Hang Seng Science and Technology Index both fell, while Meituan (03690.HK), Xpeng Motors (09868.HK) and JD.COM (09618.HK) all fell more than 2%.