Morning News

# Source: Wall Street Insights

## Market Overview

European stocks kicked off 2026 on a strong note, while US stocks faced a bumpy rebound, with chip stocks providing support but Tesla weighing on the market.

On Friday, pan-European stock indexes closed at record highs, with ASML surging 7%. Among the three major US stock indexes, only the Nasdaq failed to end in positive territory, and all three had traded lower intraday. Tesla closed down 2.6%, and declines in software stocks offset the gains of most chip stocks, with Salesforce plunging over 4%. Meanwhile, Nvidia rose more than 1%, and Micron, a major rival of Samsung, jumped 10%. After the White House postponed tariff hikes on some household goods, home goods retailer RH rallied nearly 8%.

Chinese concept stocks soared over 4% on Friday, with Baidu skyrocketing 15% and Alibaba climbing more than 6%. The offshore renminbi opened lower but reversed course to trade higher, rising over 100 pips intraday and breaking above the 6.97 level for the first time in more than two and a half years.

US Treasury yields staged a V-shaped rebound intraday, with the 30-year Treasury yield hitting a four-month high. The US dollar neared a more-than-one-week high intraday and posted a weekly rebound. Bitcoin rallied nearly 3% from its daily low to approach the $90,900 mark, while Ethereum once surged over 5%.

New York silver futures jumped over 5% intraday on Friday, and gold pared gains after rising nearly 2% to turn lower at one point. LME aluminum hit a more-than-three-year high. Crude oil declined for three consecutive sessions, falling over 1% intraday, but still managed to eke out a second straight weekly gain.

In early Asian trading on Monday, US stock futures opened slightly higher. S&P 500 index futures rose 0.08%, and Nasdaq index futures gained 0.17%. Brent crude oil futures once dropped 1.2% to $60 per barrel, while gold and silver futures traded higher.

## Top News

The US launched an hour-long airstrike on Venezuela, with Donald Trump claiming to have captured Nicolás Maduro and his wife. A CIA informant close to Maduro provided intelligence to US forces. Trump stated that the US would "administer" Venezuela until a "safe" transition is implemented, with deep involvement in the country’s oil industry.

A Foreign Ministry spokesperson responded to reporters’ questions regarding the US forcible detention of President Maduro and his wife of Venezuela. China urged the US to ensure the personal safety of President Maduro and his wife, immediately release them, stop subverting the Venezuelan government, and resolve the issue through dialogue and negotiation.

Russia strongly urged the US to release Maduro.

Iran’s Supreme Leader said dialogue should be held with protesters, but riots must be stopped. Trump threatened to "intervene in Iran’s unrest", and a senior Iranian official responded that US interference in Iran’s internal affairs would "destabilize the entire region".

Commodity benchmark indexes are on the verge of a "reset", facing selling risks, with gold and silver experiencing a "rise and fall" at the start of the year.

Unitree Robotics clarified that the company has not been involved in any matters related to applying for a "green channel", and its IPO process is progressing smoothly.

Lei Jun held a 260-minute live stream to disassemble a car, addressing issues such as the "green belt warrior" nickname, the claim of "1,300 kilometers on a single charge", "200 km/h emergency braking", and "fine-print marketing". He called on the public to speak fairly and refrain from deliberately exaggerating problems or nitpicking for the sake of traffic.

The "i茅台" (iMoutai) app topped the Shopping category rankings on Apple’s App Store.

Meta is in turmoil! Yann LeCun slammed his 28-year-old supervisor for incompetence, confirming the Llama 4 benchmark manipulation scandal.

CES 2026 Preview: Nvidia is expected to reshape physical AI, with Chinese, US, and South Korean robots set to showcase their capabilities.

## Market Closing Quotes

### European & US Stock Markets

- S&P 500: +0.19% to 6,858.47 points; weekly decline: 1.03%

- Dow Jones Industrial Average: +0.66% to 48,382.39 points; weekly decline: 0.67%

- Nasdaq Composite: -0.03% to 23,235.629 points; weekly decline: 1.52%

- Europe STOXX 600 Index: +0.67% to 596.14 points; weekly gain: 1.26%

### A-Shares

Chinese A-share markets were closed.

### Bond Market

- US 10-year Treasury yield: +2.57 basis points to 4.1926%; weekly gain: 6.30 basis points

- US 2-year Treasury yield: Flat at 3.4733%; weekly decline: 0.57 basis points

### Commodities

- COMEX Gold Futures: -0.04% to $4,339.50 per ounce; weekly decline: 4.67%

- COMEX Silver Futures: +2.04% to $72.045 per ounce; weekly decline: 6.74%

- WTI Crude Oil Futures (February contract): -0.17% to $57.32 per barrel

- Brent Crude Oil Futures (March contract): -0.16% to $60.75 per barrel

# Detailed Top News

## Global Blockbusters

### US "Lightning Strike" on Venezuela: Trump Says US Will "Administer" Venezuela Until "Safe" Transition, Vows Deep Involvement in Oil Industry

According to Xinhua News Agency and CCTV News, Trump stated that he watched the US special forces' operation to arrest Maduro in real-time, describing it as like watching a "TV show" where he saw "every detail." He also told US media that the US will be deeply involved in Venezuela's oil industry.

The US launched an hour-long airstrike on Venezuela, with Trump claiming to have captured Maduro and his wife. Trump announced via social media that the operation was conducted in conjunction with US law enforcement agencies, and the Maduros are currently under US control and have left Venezuela by plane.

### "Mole" Exposed! CIA Informant Close to Maduro Leaked Information to US Military

The CIA relied not only on informants from within Venezuela but also deployed a surveillance system consisting of multiple stealth drones to conduct almost non-stop aerial surveillance over Venezuelan territory, so as to track Maduro's exact location and movement trajectory.

### Foreign Ministry Spokesperson Responds to Reporters' Questions on US Forcible Detention of Venezuelan President Maduro and His Wife

According to CCTV News, the question was: "It is reported that on January 3, the US sent troops to forcibly detain Venezuelan President Maduro and his wife and transfer them out of the country. Many governments have spoken out against this. What is China's comment?"

The answer was: "China expresses serious concern over the US act of forcibly detaining President Maduro and his wife of Venezuela and transferring them out of the country. The US act is a flagrant violation of international law, the basic norms governing international relations, and the purposes and principles of the UN Charter. China calls on the US to ensure the personal safety of President Maduro and his wife, immediately release them, stop subverting the Venezuelan government, and resolve the issue through dialogue and negotiation."

### Russia Strongly Urges US to Release Maduro

According to Xinhua News Agency, the Russian Foreign Ministry issued a statement on January 3, strongly urging the US to release Venezuelan President Maduro and his wife. The statement said that since it has been confirmed that Maduro and his wife are in the US, the Russian side strongly urges US leaders to reconsider their position and release Maduro, the lawfully elected president of a sovereign state, and his wife. The Russian Foreign Ministry emphasized that conditions must be created to resolve any issues between the US and Venezuela through dialogue.

### What Lies Ahead for Venezuela's Situation? What Is the US Trying to Achieve by Brazenly Using Force Against a Sovereign State?

According to the Global Times, experts interviewed by the newspaper believe that this operation highlights the US strategic attempt to reshape its control over the Western Hemisphere through "drastic means." It will most likely promote a "three - pronged approach" in the follow - up: quickly cobble together a transitional authority in Venezuela (and seek external recognition), unblock oil and gas channels in exchange for the lifting of sanctions, and support local security forces in carrying out crackdowns in the name of "anti - drug/anti - terrorism." Its path may bear certain similarities to the experiences of Iraq and Afghanistan after major political changes, and it will not be easy to achieve a "clear, stable and predictable" political order in the short term.

### US "Lightning Strike" on Venezuela Unlikely to Ruffle Global Crude Oil Market

Although the US surprise attack on Venezuela and the arrest of Maduro have triggered geopolitical shocks, the global crude oil market has shown signs of absorbing the impact. This is because the country's key oil facilities remain intact, and its output accounts for less than 1% of global supply. Against the macro - backdrop where the International Energy Agency (IEA) predicts a record - breaking supply surplus of 3.8 million barrels per day in 2026, this incident is unlikely to reverse the overall loose supply - demand pattern.

### Developing Venezuela's "World's Largest Crude Oil Reserves"? Trump's "Grand Vision" Faces Harsh Reality

In the long run, although the US claims to take the lead in rebuilding Venezuela's oil industry, the industry generally expects that a substantial recovery in the country's crude oil output will be a long and arduous process due to the collapse of its infrastructure, poor investment environment and extremely high political risks, which will hardly change the macro pattern of global supply surplus.

### Where Will Venezuela's "Legendary $60 Billion Bitcoin Reserves" Flow After Maduro's "Lightning Strike"?

With the "lightning strike" on the Maduro government, Venezuela's legendary $60 billion Bitcoin reserves, which are said to be used to evade sanctions, have become a core mystery. The control of the private keys of this "shadow reserve", built by Saab and other core figures of the previous government, remains unknown. The final flow depends on whether the US can successfully crack them from relevant parties through intelligence and legal means, and the result will set a crucial precedent for future sanctions games.

### "Trump Insider Trading" Again on Polymarket? New Account Created Last Saturday, Bet on "Maduro's Arrest" This Friday, and Made a 1242% Profit on Sunday

Before Trump announced the surprise attack on Venezuela, a mysterious account made an accurate bet on Maduro's ouster on the prediction market Polymarket, turning more than $30,000 in principal into over $400,000 in one day, triggering insider trading suspicions. This incident has exposed information loopholes and lack of supervision in prediction markets ahead of major geopolitical events, prompting US lawmakers to plan to introduce legislation to restrict federal officials from participating in such markets.

### Trump Threatens to "Intervene in Iran's Unrest", Senior Iranian Official Responds: US Interference in Iran's Internal Affairs Will "Destabilize the Entire Region"

According to the Global Times, Trump threatened to "intervene in Iran's unrest", and a senior Iranian official responded that US interference in Iran's internal affairs would "destabilize the entire region".

### What Did Lei Jun Talk About in His 260 - Minute "Car - Dismantling Live Stream"?

He responded to issues such as the "Green Belt Warrior" nickname, the claim of "1,300 kilometers on a single charge", "200 km/h emergency braking", and "fine - print marketing". Lei Jun said that the video of the Xiaomi car being labeled as the "Green Belt Warrior" was a maliciously edited attempt to tag and manipulate public opinion. Regarding the claims of "1,300 kilometers on a single charge" and "200 km/h emergency braking", the Xiaomi team stated that these were cases of being widely spread out of context. In response to the "fine - print marketing" issue, Xiaomi's management admitted that it was an industry bad habit and promised to rectify it immediately.

### "iMoutai" App Tops Apple App Store's Shopping Category Rankings

The "iMoutai" app has climbed to the first place in the Shopping category rankings on Apple's App Store.

### Chaos at Meta! LeCun Slams 28 - Year - Old Supervisor as Incompetent, Confirms Llama 4 Benchmark Manipulation Scandal

Turing Award winner LeCun directly criticized Meta after resigning. He confirmed the rumors of Llama 4 fraud, slammed his former supervisor Alexandr Wang for "not understanding scientific research", and claimed that Meta's rush to pursue "super intelligence" was completely brainwashed by large - scale models. At the same time, he also revealed that his new company will release a brand - new world model this year.

### CES 2026 Preview: Nvidia May Reshape Physical AI, Chinese, US and South Korean Robots to Showcase Their Prowess

The 2026 Consumer Electronics Show (CES) is being held in Las Vegas, the United States, from January 4 to 9. Analysts said that CES 2026 highlights the strategic divergence among chip giants: Nvidia is focusing on shifting to industrial AI and robots, while AMD and Intel are sticking to and upgrading the traditional PC market. The focus of the exhibition has shifted from consumer electronics to the industrialization race of disruptive hardware such as humanoid robots, AI - defined cars and rollable screens, with Chinese, US and South Korean manufacturers competing fiercely in various tracks.

## Annual Outlook

### Goldman Sachs' 10 Key Investment Themes for 2026: AI and Power, New Drug R&D, China's Economic Recovery

Goldman Sachs' 10 key investment themes for 2026 focus on: the shift of AI infrastructure investment to inside data centers and power suppliers; the shift of pharmaceutical R&D from weight - loss drugs to the cardiovascular field; China's economic growth is expected to outperform market expectations, with technological progress and exports being the main driving forces. Political uncertainties such as Federal Reserve policies and tariff rulings will dominate the market in the first half of the year.

### Goldman Sachs Trading Team's 3 Core US Stock Trades for 2026: Focus on the Next Step of "AI Trading"

Among them, the three core trading strategies are: going long on stocks that benefit from AI productivity, focusing on non - tech companies that can turn AI into profits; going short on low - income discretionary consumer stocks, as low - income groups continue to be under pressure amid a K - shaped recovery; and pair trading, going long on high - profit high - quality AI stocks and shorting AI stocks with fragile fundamentals to cope with the market's stricter screening criteria for AI investments. Goldman Sachs strategists said that the macro background will still be favorable for the stock market in 2026, supported by economic growth and the Federal Reserve's further moderate interest rate cuts.

### 2025 A - Share "Structural Bull Market": Ranks Third in the Past 10 Years and Sixth in the Past 20 Years

China Securities Co., Ltd. believes that the strong "profit - making effect" of A - shares in 2025 stems from the correction of market expectations for "China's technological strength" and "external demand resilience" at the beginning of the year, as well as the performance fulfillment of industries such as AI. Looking ahead to 2026, the core expectation gap may shift to the "rebalancing of external and domestic demand". China is shifting its foreign trade policy from pursuing scale to "controlling risks and ensuring profits", and subsidizing domestic demand by "levying taxes" on foreign countries through advantageous industries. This historic structural adjustment has not been fully priced in by the current market.

### Preview of 2026 Pricing Logic: The "Spring" Has Not Reached Its Limit

GF Securities stated that the 2025 global bull market was characterized by "structural differentiation" and "scarcity of high growth". Most markets showed a "20 - 80 differentiation", with only a few stocks rising, and the leading technology and resource sectors were supported by strong profits. Meanwhile, the market capitalization concentration of global stock markets generally hit a record high, but the market capitalization concentration of Chinese listed companies was significantly lower, which was directly related to their insufficient degree of globalization and small proportion of overseas revenue, highlighting the market's extreme pursuit of assets with sustainable high growth.

### 2026 AI Main Line Is Clear: Computing Power Lays the Foundation, Mobile Phones Break Through, and Four Explosive Growth Points Are in Place

Guojin Securities pointed out that the development path of AI in 2026 is clear: top - tier large models will achieve a leap in cross - modal capabilities, directly driving AI mobile phones and embodied intelligent robots towards industrialization. To support this transformation, computing power (domestic GPUs, space computing power), space - air infrastructure, and AI - native applications (3D printing, intelligent driving) will break out simultaneously, together forming a grand technical map from hardware to applications and from the ground to space.

## Domestic Macro

### 142 Million Domestic Trips During New Year Holiday

According to Xinhua News Agency, the Ministry of Culture and Tourism released the cultural and tourism market data for the 2026 New Year holiday on January 4. During the 3 - day New Year holiday, 142 million domestic trips were made nationwide, with a total domestic tourism spending of 84.789 billion yuan.

# Domestic Companies

## What Is the Value of Kunlun Chip Held by Baidu? Goldman Sachs: If Valued Analogously to Cambricon, It Would Be Equivalent to 45% of Baidu's Market Capitalization

Goldman Sachs' latest research report points out that Baidu's chip subsidiary "Kunlun Chip" has submitted an application for a Hong Kong IPO, which is a crucial step for Baidu to unlock the value of its assets. The report estimates that if the market assigns an optimistic valuation to Kunlun Chip similar to that of Cambricon (40 times price - to - sales ratio), the value of Baidu's 59% stake could be as high as $22 billion, equivalent to approximately 45% of Baidu's current total market capitalization, demonstrating significant potential upside.

## Big Move by the National Integrated Circuit Industry Investment Fund!

According to China Securities Journal, Semiconductor Manufacturing International Corporation (SMIC) has agreed to issue 357 million additional shares to acquire equity in SMIC North China through an equity swap. As a result, the National Integrated Circuit Industry Investment Fund's holdings of SMIC's Hong Kong - listed shares have increased to 740 million, nearly doubling the shareholding ratio to 9.25%. After the completion of the transaction, SMIC North China will become a wholly - owned subsidiary of SMIC.

## BYD Delivered 4.6 Million Vehicles in 2025, a 7.7% Increase, Firmly Securing the Title of "World's Top Electric Vehicle Manufacturer"

In 2025, BYD's pure electric vehicle sales surpassed Tesla's for the first time. BYD announced on Thursday that its pure electric vehicle sales in 2025 rose by 28% year - on - year to 2.26 million units. Last year, BYD intensified its efforts in the Latin American, Southeast Asian and African markets. Leveraging its cost advantages across the entire industrial chain, it replicated the success achieved in the Chinese market in price - sensitive emerging markets, while Tesla continued to bet heavily on its "valuation logic". Tesla's delivery volume in the fourth quarter was 418,227 units, which was lower than expected and a 16% year - on - year decrease.

# Overseas Macroeconomy

## US Delta Force: A Shadowy Elite Force?

It is reported that the "Delta Force" is regarded as a secretive unit (codenamed "The Unit" within the US Army). Its official name is the 1st Special Forces Operational Detachment - Delta of the US Army. Due to the fact that the unit has often been given different names in different periods and for different missions, it was once the most mysterious special forces unit in the US military.

## Betting on "Failure of Christ's Resurrection" on Prediction Market Polymarket: Annualized Return Rate Reaches 5.5%!

An absurd bet has emerged on the prediction market Polymarket: the bet on "Will Jesus Christ return in 2025?" has attracted approximately $3.3 million in funds within a year. For investors who bet "No" in April, when the bet was at its peak of popularity, they could have obtained a 5.5% annualized return before deducting fees, which was higher than that of US Treasury bonds. A new bet on whether Jesus will return in 2026 has been launched, with odds of 5700% for "Yes". Analysts point out that this reflects the market trend of turning any uncertainty into a speculative tool.

## Delegates stated that OPEC + has confirmed the plan to maintain oil supply unchanged in the first quarter. OPEC + plans to hold the next round of meetings on February 1.

## Trump Threatens Cuba and Colombia; Colombia Strengthens Security Protection for President Petro

According to CCTV International News, US President Trump threatened Cuba and Colombia at a press conference at Mar - a - Lago on January 3 local time. When answering questions from on - site reporters, he said that "Cuba will eventually become a topic we need to discuss" and also stated that Colombian President Petro should "be careful". Analysts point out that Trump is hinting that as tensions in Latin America escalate, the US may expand its focus from Venezuela to more countries.

According to CCTV News, on January 3 local time, Colombian Defense Minister Pedro Sanchez stated that in response to the US President's threat against Colombian President Petro, security protection for Petro has been strengthened. On the same day, Trump accused Petro of drug production and threatened him to "be careful". Sanchez also said that 30,000 public security personnel have been deployed in the border area adjacent to Venezuela, and the border with Venezuela will not be closed.

# Overseas Companies

## Musk's "Optimus" Robot: Still Relies on Remote Control, Dexterous Hand Technology Faces Enormous Difficulties, and Insiders Also Question Its Practicality

Although Musk has bet heavily on Tesla's future on the humanoid robot "Optimus", which is expected to generate "unlimited" revenue, its current demonstrations are highly dependent on remote control by back - end engineers, and there are huge technical bottlenecks in key dexterous operations. Against the backdrop of the pressure on Tesla's main business, there is a significant gap between this grand vision and the R&D reality of relying on "remote control", and the commercialization prospects are full of challenges.

## Battle for AI Access! OpenAI Places a Big Bet: Audio Will Be the Future Interface

OpenAI believes that the existing ChatGPT voice model lags behind the text model in terms of accuracy and speed. The new model will support natural emotional expression, real - time dialogue and interruption handling functions. OpenAI's hardware goal is to create a consumer - grade device that can be operated through natural voice commands, and it also plans to launch screen - less devices such as smart glasses and speakers. It is reported that OpenAI's first "AI hardware" will be a "smart pen" or an "audio device", exclusively manufactured by Hon Hai, and is expected to be launched this year or next.

# Domestic Economy and Industries

It is suggested to promote the orderly development of the low - altitude economy, expand low - altitude application scenarios, and explore the establishment of cross - sea low - altitude transportation corridors. Shaanxi's 15th Five - Year Plan proposal aims to cultivate a low - altitude economic industrial ecosystem, improve the standard system, and build a low - altitude equipment manufacturing industrial base. The national strategy focuses on the new track of the low - altitude economy, and various regions have successively introduced programmatic policies for the development of the low - altitude economy. In terms of application scenarios, low - altitude logistics and low - altitude cultural tourism have taken the lead. Orders for leading eVTOL manufacturers have been continuously finalized, overseas expansion has been rapid, and the large - scale development trend of the industrial chain is clear.

## Duty - Free Industry

According to Xinhua News Agency, during the first New Year holiday after the closure of Hainan Free Trade Port, Hainan's offshore duty - free market achieved a strong start to the new year. From January 1 to 3, 2026, Haikou Customs supervised the sales of 442,000 duty - free items for offshore travelers, a year - on - year increase of 52.4%; the number of shoppers reached 83,500, a year - on - year increase of 60.6%; and the shopping amount was 712 million yuan, a year - on - year increase of 128.9%.

**Commentary**

Guojin Securities holds the view that the zero - tariff policy has also been upgraded. After the port closure, the number of tariff - free items under the "zero - tariff" policy has increased from 1,900 to 6,600, covering 74% of the means of production for enterprises (such as Chinese medicinal materials, textile raw materials, and mechanical equipment). The management method has shifted from a positive list (goods allowed to be imported) to a negative list (goods prohibited from being imported), and all goods not included in the taxation catalog are exempt from tariffs. There has also been a breakthrough in the processing and value - added policy, with the threshold lowered and the restriction that enterprises must meet the requirement that the main business income of encouraged industries accounts for more than 60% to enjoy preferential treatment lifted. The official launch of the port closure of Hainan Free Trade Port will have a significant impact on the duty - free business both in Hainan and across the country.

## Nuclear Fusion

On January 2, the research team of the Institute of Plasma Physics, Hefei Institutes of Physical Science, Chinese Academy of Sciences announced that the Experimental Advanced Superconducting Tokamak (EAST), known as the "artificial sun", has confirmed the existence of the tokamak density - free region through experiments and found a way to break through the density limit. This provides an important physical basis for the high - density operation of magnetic confinement nuclear fusion devices. The relevant research results have been published in the international academic journal *Science Advances*.

**Commentary**

Securities Times points out that controllable nuclear fusion may become the ultimate energy source, which is expected to restructure the global energy system, and the competition between China and the US in the field of nuclear fusion is accelerating. China's 15th Five - Year Plan proposal clearly identifies nuclear fusion as a new economic growth driver. Earlier, the National Development and Reform Commission, the National Energy Administration, the Ministry of Industry and Information Technology and other departments have also stated their support for the development of nuclear fusion. Meanwhile, local governments such as Shanghai, Sichuan, Anhui, and Jiangxi have introduced policy support and equipment planning, which are expected to form a nuclear fusion industrial cluster. With the accelerated increase in capital expenditure and strong policy - driven forces, the development of controllable nuclear fusion is expected to be fully accelerated. Institutions predict that the next 3-5 years will be a peak period for nuclear fusion project bidding. Statistics show that the expected investment in major domestic nuclear fusion projects will reach 146 billion yuan. Attention should be paid to targets with a high proportion of value and first - mover advantages.

## Brain - Computer Interface (BCI)

According to Securities Times, Musk posted on social platform X on Wednesday that his BCI company Neuralink will start large - scale mass production of BCI devices in 2026 and simultaneously promote the full automation transformation of the surgical process. The device's electrode wires can penetrate the dura mater without resection, improving safety and efficiency. Currently, 12 severely paralyzed patients worldwide have successfully implanted the device and can control digital systems such as computers through their minds. Neuralink was approved to conduct human clinical trials in 2024, after previously being rejected by the FDA due to safety issues. The company completed a $650 million financing in June 2025 to promote technological development and application implementation.

**Commentary**

Institutions believe that in 2025, based on the 15th Five - Year Plan, the BCI industry is emphasized as a national key - developed industrial chain. The State Council, the National Healthcare Security Administration, the Ministry of Science and Technology and other departments have successively issued relevant policies to strongly support clinical trials, registration, and charging for the BCI industrial chain. Meanwhile, the smooth progress of clinical trials in domestic leading hospitals and the application potential in the fields of limb movement disorder diagnosis and treatment, mental illness, and sensory deficit diagnosis and treatment have driven the continuous increase in investment and financing enthusiasm. As applications expand, the BCI industrial chain is gradually taking shape. With the gradual mass production of products by global leading companies and the orderly advancement of commercialization, domestic companies related to the industrial chain are expected to fully reflect the industry's prosperity.

# Preview of Today's Top News

- China's December RatingDog Services and Composite PMIs.

- US December ISM Manufacturing Index.

- Maduro is likely to appear in the US District Court for the Southern District of New York on the 5th.

- CES Media Day, known as the "Tech Spring Festival Gala", where NVIDIA CEO will deliver a speech and Intel will hold a press conference.

- AMEC is planning to issue shares and pay cash to acquire a 64.69% stake in Hangzhou Zhonggui, and the stock will resume trading from the opening on January 5.

# Risk Warning and Disclaimer

The market is risky, and investment requires caution. This article does not constitute personal investment advice and does not take into account the special investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are in line with their specific circumstances. Any investment made based on this article shall be at the user's own risk.