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Citigroup: Pinduoduo, which operates retail platform Temu, is likely to continue to face short-term disadvantages. Maintain the neutral rating of ADR in Pinduoduo and set the target price of ADR in Pinduoduo at $125.00. Note: The latest ADR report in Pinduoduo is $103.42.Speaker of South Korea's National Assembly: Yin Xiyue will never tolerate declaring martial law in order to warn the National Assembly. On the 12th, South Korea's National Assembly Speaker Yu Yuanzhi said that Yin Xiyue "declared emergency martial law in order to warn the National Assembly, which is absolutely intolerable in the constitutional order, because it means that the democratic constitutional order can be destroyed for political purposes, and the basic rights of the people can also be used as a means for political purposes". Yu Yuanzhi also said that today's presidential talk cannot lead to other misjudgments or social chaos, and Congress will deal with all possible situations.South Korean police tried to search Cheongwadae's office again.

According to the Japan News Agency, Japan's House of Representatives is expected to pass an additional budget for fiscal year 2024 on Thursday.South Korea will gradually reduce the rice planting area to cope with the decline in demand. The Ministry of Agriculture, Food and Rural Affairs of South Korea said on Thursday that South Korea will strive to gradually reduce the rice field area to solve the problem of declining demand and adopt environmentally-friendly planting methods. Due to the change of diet structure, the annual rice consumption of Koreans has decreased, and the per capita rice consumption has dropped significantly from 61 kg in 2018 to 56.4 kg in 2023. At present, the total area of rice fields in South Korea is about 698,000 hectares, and the government says it plans to reduce the area of rice fields by 80,000 hectares next year. In addition, by 2029, the planting area of environmentally friendly rice will be expanded from 35,000 hectares this year to 68,000 hectares. The government will also allocate 244 billion won (about 170 million US dollars) to subsidize farms that grow strategic crops other than rice, such as wheat, beans and barley, which is an increase from 186.5 billion won this year.Mei Ansen signed a strategic cooperation agreement with Shuguang Network Technology Co., Ltd. According to Mei Ansen, recently, Mei Ansen and Shuguang Network Technology Co., Ltd. held a strategic cooperation signing ceremony in Chongqing. The two sides reached a strategic cooperation to jointly build smart mine bases and comprehensive solutions. Shuguang Network Technology Co., Ltd. is a holding subsidiary of Zhongke Shuguang (603019).

Bank of New York Mellon: As the impact weakens, the won may rebound to 1,400 won against the US dollar. Bank of New York Mellon said that as the most serious political impact caused by the short-term declaration of martial law begins to ease, the won may recover some of its recent lost ground before the end of the year. As the political risk premium begins to fall, the won may appreciate to 1,400 against the US dollar.The Supreme People's Procuratorate issued the prescribed guidelines to strengthen the substantive examination of technical evidence in injury cases. Recently, the Supreme People's Procuratorate issued the Provisions of the People's Procuratorate on the Substantive Examination of Technical Evidence in Injury Cases (the Working Provisions) and the Guidelines on the Special Examination of Expert Opinions on the Degree of Human Injury in Injury Cases (the Special Examination Guidelines), making efforts to strengthen the substantive examination of technical evidence in injury cases and further improving the professional and standardized level of examination and handling of injury cases.Shenzhen Component Index opened at 10942.05 points in the afternoon, up 0.86%. The GEM index opened at 2,297.69 points in the afternoon, up 1.60%. The small and medium-sized board opened at 11,810.25 points in the afternoon, an increase of 0.61%; The Shanghai Composite Index opened at 3,455.06 points in the afternoon, up 0.66%. The Shanghai and Shenzhen 300 Index opened at 4023.60 points in the afternoon, up 0.87%.