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Global Times editorial: China is still the main engine of global trade growth. Statistics recently released by official website of the General Administration of Customs show that the total import and export value of China's goods trade in the first 11 months of this year was 39.79 trillion yuan, up 4.9% year-on-year. Among them, exports reached 23.04 trillion yuan, up 6.7%; Imports reached 16.75 trillion yuan, up 2.4%. This is a further development of China's position as the world's largest country in goods trade for seven consecutive years, and its export accounts for 14.2% of the world's total in 2023, which means that the position of China manufacturing with high "cost performance" in the international production and supply chain continues to increase. The publication of this foreign trade "report card" once again shows the strong resilience and vitality of China's economy. (Global Times)After the emergency martial law storm, South Korea's financial industry suffered successively. After the emergency martial law storm in South Korea, South Korea's financial industry suffered successively, and the stock market fluctuated obviously. This week, it began to rebound slightly. South Korean media pointed out that the uncertainty of South Korea's political situation may put its international reputation under downward pressure. South Korea's Deputy Prime Minister and Minister of Planning and Finance, Choe Sang-mu, held an "emergency macroeconomic and financial symposium" on the 10th to discuss the dynamics of the financial and foreign exchange markets and the countermeasures. According to South Korea's Chosun Ilbo reported on the 9th, after the emergency martial law storm, the total market value of South Korea's stock market evaporated by 58 trillion won within three days, and more than 400 billion US dollars of foreign exchange reserves were also threatened. As the political struggle of "impeaching the president" continues, not only finance, but also retail, alcohol, real estate, semiconductor export and other aspects of the Korean economy have also felt the chill. South Korean media believe that if financial instability and the stagnation of the real economy, the economy may fall into crisis sharply. According to the "Foreign Securities Investment Trends in November" released by the Korea Financial Supervisory Authority on the 10th, foreign investors sold 4.154 trillion won in the Korean securities market last month and sold Korean shares for four consecutive months. South Korea's "Asia Daily" said on the 10th that as South Korea re-entered the presidential impeachment time, the uncertainty intensified, and it is expected that the net selling behavior of foreign investors will continue. Although South Korea's stock market rebounded on the 10th, the uncertainty of the political situation put its international reputation under downward pressure. South Korea's Chosun Ilbo published a commentary on the 10th, saying that Fitch and Moody's, among the world's three major credit rating agencies, have successively warned that if the storm after martial law is prolonged, South Korea's national credit rating may be negatively affected. (CCTV)Lead closed down more than 1%, nickel and tin closed up, and LME copper closed down $24 to $9,192/ton. LME aluminum closed down $8 to $2,601/ton. LME zinc futures closed down $10 to $3,126/ton. LME lead closed down $22 to $2,043/ton. LME nickel futures closed up $143 to $15,858/ton. LME tin closed up $181 to $29,957/ton. LME cobalt was flat at $24,300/ton.

Hyundai Motor Company: Hyundai Motor Group and Google cooperate in the future mobile innovation software capability.Spanish Foreign Minister: The two-state solution is the solution to the Middle East issue.Tesla rose to $415, the first intraday record high since the end of 2021. Tesla rose 3.5% to $415, surpassing the intraday record high of $414.4967 set on November 4, 2021.

Grifols SA, a Spanish pharmaceutical company, raised 1.3 billion euros ($1.4 billion) through a private placement of bonds, hoping to appease investors.US Treasury Secretary Yellen: Worried about the fiscal outlook, the deficit needs to be reduced. President Biden's proposal to cut the deficit by an additional $3 trillion is necessary. Disappointed that Congress failed to take measures to deal with the budget deficit.WTI crude oil increased to 2% in the day and is now reported at 69.55 USD/barrel; Brent crude oil is now up 1.67%.