MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Tech Rout Continues

EQUITIES

Equity markets in Asia mostly in the red as the global tech rout continues; the Taiex is the worst performer, down over 5% at its nadir which equates to over 10% from its April highs. South Korea also sustaining heavy losses despite strong labour market data. Japanese markets also in the red for the second day, having wiped out all of last week's gains. The Hang Seng and bourses in mainland China have managed to just about keep their head above water. In the US futures are negative with the Nasdaq leading the way lower, markets await the US CPI report as well as a speech from US President Biden.

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