Domestic economic data also confirm the recovery trend. Data from the National Bureau of Statistics on the 10th showed that the Consumer Price Index (CPI) rose by 0.7% year-on-year in November, an increase of 0.5 percentage points from the previous month, hitting a new high since March 2024. The core CPI rose by 1.2% year-on-year, reflecting the continuous recovery of residents’ consumption. Analysts believe that the IMF’s upward revision will further enhance the confidence of global investors in the Chinese market and help attract more foreign capital inflows.

On December 11, Netflix’s stock plummeted 4.14% among popular U.S. stocks, with a turnover of $6.853 billion. The decline was triggered by a class action lawsuit against its proposed $72 billion acquisition of WBD, coupled with antitrust regulatory pressure. The lawsuit directly accuses the acquisition of potentially forming an industry monopoly and harming market competition and consumer interests.

U.S. stocks generally rose that day, but technology stocks showed obvious divergence. In addition to Netflix, Microsoft fell 2.74% as its plan to invest $17.5 billion in building AI facilities in India sparked market doubts; NVIDIA closed down 0.64%, and despite developing location verification technology, it failed to drive its stock price up. In contrast, Tesla bucked the trend and rose 1.41%. The market expects that if SpaceX goes public next year, Elon Musk is expected to become a trillionaire.

Popular Chinese concept stocks had mixed performances, with the Nasdaq Golden Dragon China Index rising slightly by 0.64%. TSMC rose 2.21%, Alibaba rose 1.86%, and KE Holdings soared 3.71%; on the other hand, PDD fell 1.59%, while JD.com and NetEase also declined slightly. Traders said that the current fluctuations in technology stocks are mainly affected by industry mergers and acquisitions, policy adjustments and performance expectations, while the Fed’s loose monetary policy provides support for the overall market.