Us stocks suffered the biggest decline in two months; Huawei brushed the screen and supported to tell me that VS listened to the people of the whole country; Apple Inc "renewed every year" or "half-yearly shift"; NIO Inc. 's car rose by more than 7%, and a new model may be released this month.

Hot news

• Trump restarts the tariff sword aimed at South America's "currency war", explicitly pegging tariffs to the exchange rate for the first time

Us President Donald Trump said on Monday that he would immediately resume import taxes on imports of metals from Brazil and Argentina: "Brazil and Argentina have been leading the sharp depreciation of their currencies. This is bad for our farmers. Therefore, from now on, I will restore import taxes on all steel and aluminum products sold to the United States from these countries and regions. Analysts believe that this is the first time that Trump has explicitly linked the imposition of tariffs to exchange rate movements, thus marking the possibility that his trade policy may enter a new phase of using the foreign exchange market as a battlefield.

• The WTO appellate body may be "closed", and the United States will not accept its ruling or use tariffs to counter the European Union.

A number of economies, including the European Union, Canada and Mexico, have taken counter-measures against US steel and aluminum tariffs and complained to the dispute settlement mechanism of the World Trade Organization. But unfortunately, people familiar with the matter revealedWTO appellate body will cease operation from December 11Because one of the remaining three members plans to leave office. After WTO said on Monday that the European Union had not fully eliminated the negative impact of subsidies for aerial vehicles, the Office of the United States Trade Representative issued a statement saying that the United States would start a process to assess the imposition of tariffs, which could involve more EU products.

• China 11Monthly official manufacturing PMIRecorded 50.2Return to the expansion range after six months

The new orders index is back above the tipping point, with production and new orders both at their highest levels since the second half of the year. Caixin manufacturing PMI showed a further slight improvement in November, rebounding for five consecutive months, with considerable growth in output and new business volume.

• Shenzhen Stock Exchange adjusts Shenzhen Composite Index, gem Index, Shenzhen Stock Exchange 100 and other index sample stocks

The Shenzhen Stock Exchange has implemented regular adjustments to sample stocks such as Shenzhen Composite Index, gem Index, Shenzhen Stock Exchange 100 and small and medium-sized Stock Exchange Index, which will be formally implemented on December 16, 2019. The Shenzhen Composite Index will replace 28 sample stocks and transfer them to Youth Farmers Commercial Bank, Pharmaron Beijing Co., Ltd.* and other stocks, and transfer Cangzhou Pearl, Dahua Intelligence and other stocks; gem refers to the replacement of 10 sample stocks into Lakala, Dip Technology and other stocks, Huayi Brothers, Hanyu Pharmaceutical and other stocks.

• Huawei responded to the detention of former employees: supporting the use of legal weapons to safeguard their rights and interests

In response to the 251-day detention of Li Hongyuan, a former Huawei employee, over severance compensation, Huawei said: "Huawei has the right and obligation to report suspected illegal acts to the judicial authorities based on the facts. We respect the decisions of judicial organs, including public security, procuratorates and courts. If Li Hongyuan believes that his rights and interests have been damaged, we support him to use legal weapons to defend his rights and interests, including suing Huawei. This also embodies the spirit of the rule of law that everyone is equal before the law. Li Hongyuan then replied, "Let's take a look. I listen to the people of the whole country." "

• Gree Group41.6 billion yuanTransfer15% of the shares in the company were given to Zhuhai Mingjun and resumed trading today.

$000651.SZ Electric Appliance (Gree) $announcement, the controlling shareholder Gree Group transferred 15% of its shares in the company to Zhuhai Mingjun at a transfer price of 41.662 billion yuan and a transfer price of 46.17 yuan per share. The company has no controlling shareholder or actual controller after the completion of this transaction. In addition, Zhuhai Hillhouse agreed to promote equity incentive schemes that give no more than 4 per cent of shares to the management of listed companies. The shares of the company will resume trading on December 3.

• The tragedy of the storm: there are only 10 people left and some employees are in arrears.

Storm Group (300431.SZ) $According to the announcement, major adverse changes have taken place in the company's operating conditions, and a large number of personnel have been lost. With the exception of Mr. Feng Xin, all the senior managers of the company have resigned, and the securities affairs representative who assisted in information disclosure has also resigned. At present, the company has only more than 10 people left. Due to the tight financial situation, the company owes some employees wages in arrears.

Review of US stocks

• Us stocks fell the most in six weeks, while steel stocks rose against the market.

U. S. stocks closed lower on Monday, with the Dow down more than 268 points, its biggest one-day drop in six weeks. The news that the US ISM manufacturing index shrank for the fourth month in a row in November and Trump said he would resume import duties on steel and aluminum from Brazil and Argentina added to the downward pressure on US stocks but boosted the steel sector.

• Xiao Mo: Apple Inc may adjust the iPhone issuing strategy, "renew every year" or change "half a year a shift".

Analysts JPMorgan Chase & Co released a report on Monday predicting$Apple Inc (AAPL.US) $It may change its iPhone distribution strategy to launch new devices twice a year from 2021. This will enable Apple Inc to meet seasonal demand, adjust products more flexibly and compete better with other equipment manufacturers that launch new phones throughout the year. Analysts also expect Apple Inc to launch four new iPhone models in September 2020, with low-end products similar to iPhone 8.

• NIO Inc. 's car rose by more than 7%.A new model may be released this month.

Last weekend, it was reported by the media$NIO Inc. (NIO.US) $An ES6 crossover Coupe model will be unveiled this month at the same price as the current ES6, rather than the widely rumored low-cost single-motor ES6. NIO Inc. responded that there will be a new model launch on NIO Day in December, but the news about the new product release is still in the confidential stage and "do not make any comment on this report."

• Britain launches antitrust investigation into Alphabet Inc-CL C's $2.6 billion acquisition of Looker

The British antitrust agency CMA announced that it is correct.$Alphabet Inc-CL C (GOOG.US) $The acquisition of big data Analytics firm Looker Data Sciences launched an antitrust investigation and invited parties to comment on the deal by December 20. Alphabet Inc-CL C announced in June that he would buy big data analytics company Looker for $2.6 billion in cash, which is Alphabet Inc-CL C's largest merger and acquisition in the public cloud market. It never rains but it pours. The European Union is investigating Alphabet Inc-CL C's data collection behavior.

• Black five was mixed, Amazon.Com Inc was counterattacked and Walmart Inc encountered a large number of complaints

As of 9: 00 a.m. on December 2, US consumers spent $473 million online on Cyber Monday, and sales on that day are expected to reach $9.4 billion, surpassing last year's $7.9 billion and a record high. Bad weather drives online consumption$Target Corp (TGT.US) $、$Walmart Inc (WMT.US) $The online sales of traditional retailers have increased by more than$Amazon.Com Inc (AMZN.US) $. However, a large number of consumers received a "cut order" email within days after ordering Apple Watch Series 3 in Walmart Inc's online store and receiving a confirmation email. After canceling the order, sales of the same watch resumed but the price "slightly increased", which led Walmart Inc to receive a large number of complaints.

• Saudi Arabia wants OPEC+Increase the intensity of production reductionTo ensure that Saudi Aramco IPOSuccess

OPEC+ is discussing an agreement to cut production by at least 400000 b / d from the current 1.2 million b / d until at least June next year, and if there are no further cuts, there will be a serious glut in the first half of 2020, according to sources. It is reported that after the official pricing this week, it will be the largest initial public offering in the world, with the vast majority of Saudi investors and other investors in the Middle East subscribing to new shares, with a lukewarm response from international institutions.

The Prospect of Hong Kong City

• There was a net inflow of 2.429 billion yuan southward on Monday.

• BABA has 4.75 billion shares in Hong Kong, with a market capitalization of nearly HK $1 trillion?

HKEx data show$BABA-SW (09988.HK) $The latest share capital of Hong Kong shares is as high as 4.75 billion shares, accounting for 22.21% of BABA's total share capital, of which Citibank holds 4.109 billion shares, accounting for 19.21%. By the close of HK $195.5, the stock market in Port Ali will be worth as much as HK $928.6 billion. However, according to the Hang Seng Index Company, which previously said that the market value of the second listed company is calculated as the number of shares registered in Hong Kong x the closing price, BABA's market capitalization is still HK $5-194.5 = HK $97.25 billion.

• Nomura: the contract sales in the real estate market in November are in line with expectations, Rundi and Sunac China are the first choice.

Nomura released a report saying that contract sales in the mainland real estate market in November were in line with expectations, rising 24% year-on-year and 18% in the first 11 months. Developers were able to achieve 95% annual sales targets on average.$China Resources Land (01109.HK) $、$Sunac China (01918.HK) $、$Xuhui Holdings Group (00884.HK) $及$Hop King Pacific Group (01813.HK) $Preferred stock for the industry. Due to the high base of sales in October, the sales performance in November fell 7% from the previous month, in line with expectations.

• XIAOMI Watch released its first OTA upgrade: optimize the stutter and download experience

$XIAOMI Group-W (01810.HK) $Said that XIAOMI watch will be on December 3-5, the official release of the first OTA upgrade, during which time to push one after another. Just open the watch to set up the → system → about → click on the system update, stay for a while, when the system update can be checked, the system update will be downloaded automatically (the latest version number is XM037).

• Hong Kong stocks can subscribe for new shares today

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Key words: euro area October PPI monthly rate, RBA decision