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Brazil will auction a foreign exchange credit line of up to $4 billion on December 12th.According to South Korean media reports on the 12th, South Korea's National Archives Institute and the President's Archives began to check the emergency martial law related files.Standard & Poor's: It is expected that the rise of trade protectionism in major economies will damage the GDP growth of most emerging markets, but the impact will depend on specific policies. Central banks in emerging markets are expected to take a more cautious stance, but monetary easing will continue.

Market News: The U.S. Court of Appeal rejected the diversified disclosure rules of Nasdaq's board of directors.Promoting Peace and Cooperation Ethiopia and Somalia signed the Ankara Declaration. On December 11th, local time, under the mediation of Turkish President Erdogan, Ethiopian Prime Minister Abi and Somali President Mahmoud signed the Ankara Declaration in Ankara, Turkey, announcing that they would promote peace and cooperation.Market News: The United Nations General Assembly adopted a resolution by an overwhelming majority, demanding an immediate and unconditional permanent ceasefire in the Gaza Strip.

Brazil raised the benchmark lending rate by 100 basis points to 12.25%. Brazil's central bank expects the next two meetings to raise interest rates by the same amount.Morgan Stanley upgraded the rating of Jingao Technology to over-allocation, with a target price of RMB 27.36. Tongwei shares will be upgraded to overweight with a target price of RMB 39.53.Brazil will auction a foreign exchange credit line of up to $4 billion on December 12th.