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South Korea's KOSPI index rose 1% to 2,442.31.Vietnam said that private equity giant KKR sought to expand its investment in the country. On the evening of December 10, the Vietnamese government website issued a statement saying that private equity investment company KKR was seeking to expand its investment opportunities in Vietnam. Su Lin, general secretary of the Central Committee of the Communist Party of Vietnam, expressed the hope that foreign investors, including American investors, will continue to increase their investment in Vietnam, especially in the fields of digital transformation, green transformation, renewable energy, clean energy and climate change. It is suggested that American enterprises, including KKR, continue to actively contribute to promoting bilateral cooperation, especially bilateral economic and scientific cooperation. David Petraeus, a partner of KKR, said that KKR is very optimistic about the investment prospects in Vietnam, and KKR Fund is looking for opportunities to expand cooperation and investment in Vietnam. He also promised to continue to support the development of Vietnam-US relations.German police searched Adidas' office and conducted a tax investigation. As part of the tax investigation that lasted for several years, German police searched Adidas' German headquarters on December 10th. An Adidas spokesperson said that the search operation involved customs and tax clearance regulations for goods imported into Germany from 2019.

Sora concept stocks fell, Huayang Lianzhong fell, Easy Point World, Fushi Holdings fell more than 8%, and Wanxing Technology fell nearly 5%.Shanxi Securities: The launch of new OpenAI products catalyzes the demand for low-orbit satellite to continue to accelerate. Shanxi Securities Research Report pointed out that 1) The "Open AI 12 Days" activity was held, and the official version of o1 &pro and the full version of ChatGPT pro o1 were released faster and more powerful than o1 preview, and they performed better in code, mathematics and writing, and still possessed the original ability of picture reasoning. With the marginal cost of training continuing to increase and cot reasoning computing power continuing to increase, the computing power demand in 2025 is real and may continue to exceed expectations. It is suggested that the current optical module, copper connection, power supply and liquid cooling should be switched to the low valuation of 2025 performance. 2) Amazon shows trn1 ultra cabinet products, and cloud manufacturer ASIC brings incremental demand for copper connection. Cloud manufacturers' self-developed ASIC will bring important demand increment for high-speed copper connection. At present, copper connection system component manufacturers are concentrated overseas, while bare wire supporting capacity is concentrated in China. 3) Last week, Yuanxin Qian Fan's third networking satellite was successfully launched in Taiyuan, and SpaceX mobile phones were directly connected to satellite networking for commercial use. The development of LEO satellite Internet is related to 6G standard discourse right, orbital frequency resources and the game of international air and space infrastructure powers, which is expected to force the launch of LEO constellation in China to accelerate again. Under the catalysis of continuous events, the relevant targets of the industrial chain are expected to usher in a certain performance contribution and drive the double-click market.The AI application steering wheel went down at the beginning, Huayang Lianzhong fell, the AI application steering wheel went down at the beginning, Huayang Lianzhong fell, Fengyuzhu, Fushi Holdings, Wanxing Technology, Jincai Internet, Tianyu Digital Branch and so on followed.

Retailer Party City is considering the second bankruptcy after a little over a year.TikTok submitted an application to the federal court of Canada to challenge the Canadian government's order to close the company's office. On December 11th, local time, TikTok Canada Branch announced that it had submitted an application to the federal court for review of the government's order to close TikTok's business in Canada. TikTok said that this order will cost hundreds of hard-working local employees their jobs and livelihoods, and they support the community with more than 14 million Canadian users on TikTok every month. TikTok said that it is in the best interest of Canadians to find a meaningful solution and ensure that the local team continues to exist with the TikTok platform. (Interface News)CITIC Securities: As the Spring Festival approaches, consumption is expected to usher in a new round of rebound and repair. CITIC Securities Research Report said that the Politburo meeting held on December 9, 2024 once again made it clear that expanding domestic demand is the key policy direction for the coming year, "expanding domestic demand in all directions" and "vigorously boosting consumption", expressing positive and igniting market expectations. After experiencing a rapid rebound in September, the consumer sector generally pulled back in October-November because the short-term consumption data has not yet reflected the effectiveness of the policy and the policy strength in the coming year is unclear. We believe that as the Spring Festival approaches, the top-down emphasis on domestic demand and policy expectations are heating up, and consumption is expected to usher in a new round of rebound and repair. On the policy side, in addition to the "trade-in policy", we believe that there is still a package of consumption promotion toolboxes available, such as subsidies for first-time car buyers, maternity subsidies, and the issuance of state-subsidized catering and tourism coupons. We suggest that the consumption allocation should be progressive from both offensive and defensive to flexible varieties, with both offensive and defensive features: consumer Internet, dairy products with low valuation and high return, mass catering, etc., and flexibility: catering supply chain, alcohol, human resources services, hotels, etc., with obvious pro-cyclical characteristics, considering the consumption allocation demand driven by expectations first.