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South Korea's Minister of Planning and Finance, Choe Sang-mu, told Congress that the downside risks facing the economy are increasing.Bain raised its offer for Fuji Software to 9,600 yen per share.China, a huge Hong Kong stock market, once rose over 80%.

CICC: Xiamen Tungsten Industry will be successfully issued, and resource development and high-end production capacity construction are expected to accelerate. According to the research report of CICC, Xiamen Tungsten Industry (600549.SH) will be successfully issued, and resource development and high-end production capacity construction are expected to accelerate. It is worth noting that the final issue price of this fundraising is 20.80 yuan/share, which is 28.87% higher than the reserve price, and 3.35% lower than the closing price of 21.52 yuan/share on November 6, the first day of the issuance period. After the completion of the issuance, the company is expected to accelerate the development of tungsten resources and the construction of downstream high-end production capacity, and strengthen profit growth. Considering the impact of stock issuance, the net profit of returning to the mother in 2024 will remain unchanged at 1.92 billion yuan, and the net profit of returning to the mother in 2025 will be raised by 1.7% to 2.25 billion yuan, and CAGR+18.6% from 2023 to 2025. Raise the target price by 17% to 24.1 yuan.Japan Space Agency: H3 5 rocket with QZS-6 satellite was launched on February 1st.In the afternoon, the cultural media sector strengthened. Guangdong Media, vision china, Gravitation Media and Jishi Media strengthened. Tianlong Group rose by over 15%, while Palm Reading Technology and Xinhua Media rose rapidly.

Burger King China: In November this year, the number of passengers turned positive year-on-year, and the sales in October increased by about 5% month-on-month. On December 11th, the relevant person in charge of Burger King China told reporters, "Since the government issued a package of incremental policies at the end of September, many chain catering enterprises including Burger King have felt the stabilization and recovery of the catering consumption market since October this year. Especially in the past November, Burger King has achieved a positive year-on-year passenger flow. " The aforementioned person in charge pointed out, "From the sales data, in the past six years, our sales in October were almost the same as that in September. However, in October this year, the sales of Burger King China rebounded from September, increasing by about 5%. " (The Paper)Zhuo Chuang Information: In December, the cost side kept moving down the soybean meal price or followed the seasonal decline law. According to Zhuo Chuang Information, looking back on the whole year of 2024, the center of gravity of soybean meal price showed a downward trend. In December, the price of Brazil's soybean premium was continuously lowered, and the spot price of soybean meal was further lowered under the pressure of the cost side. The problem of soybean customs clearance repeatedly traded in the market has limited impact on domestic supply, while the breeding end has started to slaughter one after another, which has a negative impact on the demand for soybean meal. Therefore, Zhuo Chuang Information predicts that the spot price of soybean meal may follow the seasonal law in December, showing a downward trend.Coal stocks fluctuated higher, with the daily limit of Antai Group in the afternoon, Anyuan Coal Industry rose more than 5%, and Orchid Science and Technology, Luan Huaneng, Gansu Nenghua, Baotailong, Dayou Energy and Shaanxi Black Cat followed suit.