Turmoil on the Korean Peninsula is rising!
According to Yonhap News Agency on December 18, South Korea's Joint Staff Headquarters said on the 18th that North Korea launched a ballistic missile into the waters east of the Korean Peninsula on the same day. The South Korean military is analyzing its flight distance, altitude, speed and other parameters. According to reports, North Korea launched a short-range ballistic missile in the vicinity of Pyongyang on the 17th.
The U.S. has been informed of North Korea's missile launch and is consulting closely with allies and partners, the U.S. Indo-Pacific Command said. Earlier, KCNA issued a Defense Ministry statement criticizing the "military hooligans" of the United States and South Korea for raising tensions through Xi, displays of force and plans for nuclear war. The arrival of the U.S. nuclear-powered submarine USS Missouri in Busan, South Korea, is the latest move to prove that Washington is considering nuclear war, the statement said.
The recent uproar about Dong Yuhui's small essay incident has come to an end. Dong Yuhui will conduct the first live broadcast after the turmoil on Monday (December 18), and his title has changed to "Oriental Selection Senior Partner". This morning, Dongfang Selection's stock price once soared by 15%. So, has the turmoil really subsided? Luo Yonghao said during the live broadcast that the senior partner is imaginary, and it doesn't matter! What matters is how many shares are given.
North Korea suddenly
According to a report by Yonhap News Agency quoted by reference news on December 18, the South Korean Joint Staff Headquarters said on the 18th that North Korea launched a ballistic missile into the waters east of the Korean Peninsula on the same day. The South Korean military is analyzing its flight distance, altitude, speed and other parameters.
According to reports, North Korea launched a short-range ballistic missile in the vicinity of Pyongyang on the 17th. According to the report, the missile launched by North Korea on the 17th fell into the sea after flying about 570 kilometers.
Considering the flight range of the ballistic missile, it may have been the day before the US Navy's Virginia-class nuclear-powered attack submarine "Missouri" docked at the Busan Naval Operating Base. The straight-line distance from Pyongyang's Sunan Airport to Busan is about 550 kilometers.
According to Reuters, North Korea's two missile launches were separated by just a few hours. The Korean Central News Agency quoted a spokesman for the DPRK Ministry of National Defense as saying in a statement on the 17th that (the DPRK) strongly condemns the frequent large-scale joint military exercises between the United States and the ROK and the dispatch of the USS Missouri nuclear submarine to the Korean Peninsula. "The armed forces of the Democratic People's Republic of Korea will resolutely smash the provocative attempts of the United States and its servant forces in nuclear war, reliably guarantee peace and security on the Korean Peninsula and in the region, and faithfully fulfill their constitutional obligations to safeguard national sovereignty, territorial integrity and the rights and interests of the people," the spokesperson said. "Any attempt by hostile forces to use force against the Democratic People's Republic of Korea will be met with a preemptive and devastating response," the spokesman stressed. ”
Reuters reported that the U.S. Indo-Pacific Command said on Sunday (Dec. 17): "While we assess that this incident does not pose a direct threat to U.S. personnel or territory, as well as to our allies, the missile launch highlights North Korea's illegal weapons program to destabilize the region." This is the first time in 26 days since November 22 that North Korea has launched a ballistic missile.
U.S. Indo-Pacific Command reaffirmed that the U.S. "defense commitment to South Korea and Japan remains rock-solid."
Some analysts have pointed out that the DPRK may aim to protest against the second meeting of the South Korea-US nuclear consultation group. At the meeting, the two countries agreed to include nuclear combat drills in the joint military Xi exercise Ulchi Freedom Shield (UFS) in August 2024. Immediately after launching a ballistic missile provocation, the DPRK Ministry of National Defense issued a statement in the name of its spokesman at around 11:08 p.m., violently criticizing the outcome of the ROK-US nuclear advisory group meeting as a naked "declaration of nuclear showdown."
Oriental selection drama
Recently, Dong Yuhui's small essay incident has caused a lot of uproar, and this past weekend, things seem to have come to an end. The Dongfang Selection Douyin account released a live broadcast preview late at night on December 17, saying that Dong Yuhui will start broadcasting with Yu Minhong in the Dongfang Selection live broadcast room at 8 p.m. on December 18. On the teaser poster, Dong Yuhui's introduction has changed to "Oriental Selection Senior Partner". As of 9 o'clock on December 18, Dongfang Selection has about 28.83 million Douyin fans and Dong Yuhui has about 21.29 million fans. Compared with 9 hours ago, this data has changed significantly, as of 0:00 on December 18, the number of fans of Dongfang Selection is 28.79 million, and the number of fans of Dong Yuhui is 21.197 million.
On the evening of the 17th, Oriental Selection also announced on the Hong Kong Stock Exchange that the board of directors had resolved on December 16 to remove Sun Dongxu as chief executive officer and remove him as executive director of the company, effective immediately. However, Sun Dongxu still retains his position as a non-executive director of Oriental Selection. Today, the share price of Oriental Selection also rose sharply, and so far, the stock price has risen by more than 15%.
Dong Yuhui also proved his irreplaceability in this process. So, is this the end of the turmoil in Dongfang Selection? This kind of thing is indeed difficult to predict, what will Dongfang Xiaosun do after leaving the CEO, and will the editor have other actions in the future? At present, it is really unpredictable.
Foreign investors have an "unexpected evaluation" of A-shares
The recent performance of the A-share market has not been very good, but the evaluation of A-shares by foreign investors next year is relatively good. Looking ahead to 2024, most Wall Street banks remain optimistic about the Chinese stock market, although many have lowered their forecasts and expect single-digit gains in the MSCI China Index, Bloomberg reported on Sunday (December 17). As China ramps up stimulus to the property market and injects money into more sectors of the economy, there is renewed hope that things will be better in 2024. Their views look very similar to last year, with further policy support, improved earnings momentum, and cheap valuations.
Chen Guo believes that the market's expectations for the economy are also expected to be gradually repaired, from the point of view of time, the end of the year and the beginning of the year is often a favorable time window for the start of the A-share market, once the favorable catalyst, A-shares are expected to launch a new round of rising market at any time, it is recommended that investors keep their chips and actively consider the layout of the dip.
Li Lifeng of Huaxi Securities believes that the current CSI 300 risk premium has risen to around +2 times the standard deviation of the average of the past three years, pointing to the weak real estate prosperity makes investors tend to price medium and long-term problems in the short term. The A-share market will transition from trading "policy expectations" to "policy effects": the Central Economic Work Conference in December set the tone of "first establish and then break" and superimpose the synchronous implementation of Beijing-Shanghai real estate easing policies, which is to point to the steady growth policy will still be more positive next year, and with the subsequent recovery of high-frequency real estate data in first-tier cities, investors expect that there is room for improvement. In addition, we have also observed that with the implementation of the active capital market policy, the micro liquidity of the market has improved, such as IPOs have slowed down significantly, equity ETFs have returned to net subscription, and important shareholders have turned to the secondary market to increase their net holdings.
Editor-in-charge: Lin Gen
Proofreading: Zhu Tianting