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Institution: The battery price stabilized in November, and it is expected to rise slightly in 2025. On December 12, according to the latest research of TrendForce Jibang Consulting, in November 2024, the sales of electric vehicles in China continued to increase, which boosted the demand for power batteries, and the price of Ferrous lithium phosphate batteries remained stable, while the ternary batteries declined slightly. The demand for batteries in the energy storage market maintained the peak season characteristics, and with the price advantage of large-capacity batteries, the proportion of shipments increased. However, the average price of energy storage batteries continued to decline in November due to the slowdown in demand for orders at the end of the year. The agency expects that the price of some lithium battery materials may rise slightly in the peak season of 2025, which is expected to repair the serious losses of the company in the early stage. However, due to the fact that the relationship between supply and demand has not changed from surplus to shortage, the expected increase in material prices is limited, and battery manufacturers actively control costs, the battery price trend will be stable next year.CSRC: Optimize the supply of products in time and include the first batch of index funds in the catalogue of personal pension investment products. Recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, the State Administration of Taxation, the General Administration of Financial Supervision and the CSRC jointly issued the Notice on the Full Implementation of the Personal Pension System (hereinafter referred to as the Notice), and the personal pension system will be extended to the whole country on December 15. Personal pension is long-term, persistent and large-scale. By actively investing in the capital market, it is conducive to sharing the fruits of the development of the real economy and helping to maintain and increase value for a long time. As a representative of professional institutional investors in the capital market, Public Offering of Fund industry has been entrusted to manage all kinds of pension assets over 6 trillion yuan, creating good long-term income and accumulating rich management experience. According to the requirements of the Notice, the CSRC timely optimized the product supply and included the first batch of index funds in the catalogue of personal pension investment products. Subsequently, the CSRC will strengthen the supervision of personal pension investment in Public Offering of Fund, urge Public Offering of Fund managers to continuously improve their management and service capabilities, and better support the high-quality development of personal pensions. (CSRC)India's SENSEX30 index opened 0.06% lower at 81,476.76 points. Among the constituent stocks, State Power of India opened 0.79% higher, Mahengda Information Technology rose 0.56%, and Tata Motors rose 0.5%; In terms of decline, HDFC BANK opened 0.74% lower, Bharti Telecom fell 0.68%, and Unilever of India fell 0.53%.

OpenAI：Sora has started partial recovery, and OpenAI updated the outage accident report, saying that remedial work is continuing. API traffic recovery is in progress, and we are recovering ChatGPT traffic by region. Sora has begun a partial recovery.Japan's housing prices exceed the annual income by 10 times and Tokyo's by 18 times. According to the Nikkei News, in Japan, the price of new residential buildings has risen faster than the increase of wages, making it increasingly difficult for the actual demand class to afford. As an investment target, the popularity is deeply rooted, and developers also supply a large number of houses with over 100 million yen. Especially in Tokyo, the average price is 18 times of the annual income, and it is becoming a market that ignores the actual demand level. According to the prefectures and counties in Japan, the highest ratio of house price to income is 17.78 times that of Tokyo. The average annual income is 5.92 million yen, and the price of residential buildings reaches 105.26 million yen.Daiwa Capital Market raised the target price of Tesla from $285 to $420.

The opposition party in South Korea said that Yin Xiyue was insane. On the morning of December 12, local time, South Korean President Yin Xiyue made another televised speech, refused to step down early, and denied that martial law was a crime of civil strife. After Yin Xiyue's speech, public opinion in South Korea immediately criticized him. South Korea's largest opposition party, the Common Democratic Party, said that Yin Xiyue was mentally ill and called on the South Korean National Assembly to pass the impeachment case. After Yin Xiyue's speech, Han Dongxun, the representative of the ruling party in South Korea, also said that Yin Xiyue's speech had no introspection and was rationalizing his behavior. Some commentators pointed out that Yin Xiyue may have expected that he could not prevent the National Assembly from passing the impeachment case and was trying to influence the final ruling of the Constitutional Court. I am afraid that the chaos in Korean politics will continue.Goldman Sachs: The Bank of Japan has not reached the level where it can judge that it has enough confidence in the future. In this case, it is expected that the Bank of Japan will keep its policy interest rate unchanged at 0.25% at its meeting in December.India's SENSEX30 index opened 0.06% lower at 81,476.76 points. Among the constituent stocks, State Power of India opened 0.79% higher, Mahengda Information Technology rose 0.56%, and Tata Motors rose 0.5%; In terms of decline, HDFC BANK opened 0.74% lower, Bharti Telecom fell 0.68%, and Unilever of India fell 0.53%.