News

Golden Ten Data reported on January 3 that, according to informed sources, the Argentine Ministry of Finance sold US dollars on Friday in an effort to curb the peso’s decline on the first trading day after the new foreign exchange trading band regulations took effect. The new rules allow for greater fluctuations in the peso’s exchange rate. Traders estimate the sale amounted to between $150 million and $200 million. On Friday (the first trading day of the year, marking the implementation of Argentina’s new foreign exchange trading band system), the peso fell 1.4% against the US dollar, dropping to 1,475. According to the new framework announced in December last year, the peso’s trading band will expand in line with the monthly inflation rate, rather than being limited to a 1% range per month.

Golden Ten Data reported on January 3 that on January 3 local time, Saudi Arabia announced that it welcomes the request made by Yemen's Presidential Leadership Council Chairman Rashad Al-Alimi to hold a comprehensive meeting in the Saudi capital Riyadh. The meeting will invite various political and social forces from southern Yemen to participate in dialogue and discuss fair solutions to the southern issue. The Saudi Ministry of Foreign Affairs stated that Saudi Arabia calls on all constituent forces in southern Yemen to actively participate in this meeting and to form an overall approach to resolving the southern issue through dialogue, in order to respond to the legitimate demands of the southern population. The statement pointed out that Saudi Arabia's response to the above request reflects the close relationship between Saudi Arabia and Yemen and is in line with the common interests of both sides under the current circumstances. The statement also said that this move is part of Saudi Arabia's ongoing efforts to support and promote the security and stability of the Republic of Yemen.

Domestic News: 1. On the first trading day of the new year for Hong Kong stocks: the Hang Seng Index closed up 2.76%, and the Tech Index closed up 4%. 2. The offshore RMB against the US dollar rose above 6.97, reaching a new high since May 2023. 3. According to several foreign media reports, BYD has surpassed Tesla to become the world's top-selling electric vehicle manufacturer. 4. The National Integrated Circuit Industry Investment Fund increased its shareholding in SMIC H-shares from 4.79% to 9.25%. International News: 1. On the first trading day of the new year for US stocks: the three major indexes showed mixed performance, with the Nasdaq Golden Dragon China Index surging 4%. 2. Tesla's fourth-quarter deliveries fell more than expected, and its annual sales declined for the second consecutive time. 3. Maduro: Venezuela is ready to engage in dialogue with the United States on combating drug trafficking. 4. A 6.5-magnitude earthquake occurred in Mexico, resulting in 1 death and 12 injuries, with more than 400 aftershocks.