Singapore's benchmark stock index fell 0.5% to 4,825.63 points, potentially ending a six-day winning streak.

U.S. Treasury Secretary Bessant: Trump is committed to ensuring the independence of the Federal Reserve. We have four excellent candidates for Fed Chair. I believe the Senate will be satisfied with the election of any of these four candidates.

Key News: 1. The People's Bank of China recently announced that it will lower the rediscount and relending rates by 0.25 percentage points, effective January 19, 2026. Individual Stock News: 1. According to Hong Kong Stock Exchange documents, Muyuan Foods Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange. 2. Suzhou Jiuwu Intelligent Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange. 3. Shimao Group (00813.HK): Total contracted sales in 2025 are expected to be approximately RMB 23.953 billion. 4. Connet Optics (02276.HK): Net profit for 2025 is expected to increase by no less than 30% year-on-year. 5. Juxing Legend (06683.HK): Entered into a sales contract with an independent third party for the sale of quadruped robots. 6. China Shenhua (01088.HK): Coal sales volume in 2025 is 431 million tons, a decrease of 6.4% year-on-year. 7. Tianhong International Group (02678.HK) issued a profit warning: Net profit for 2025 is expected to increase by approximately 60% year-on-year. 8. Ronshine China (03301.HK): Total contracted sales for 2025 are expected to be approximately RMB 3.777 billion, a decrease of 50.96% year-on-year. 9. Dongyangguang Pharmaceutical (06887.HK): Its core product, Ologgliflozin Capsules, received approval for marketing from the National Medical Products Administration. 10. Quzhi Group (00917.HK) issued a profit warning: Net profit for 2025 is expected to be between RMB 270 million and RMB 330 million, turning a loss into a profit year-on-year. 11. Joyson Electronics (00699.HK): Its automotive safety division introduced a strategic investor, with ABC Investment investing RMB 1 billion in Anhui Joyson Safety. 12. Cambridge Technology (06166.HK): Expects net profit attributable to shareholders of the listed company to increase by 51.19% to 66.79% year-on-year in 2025. 13. October Rice Fields (09676.HK) issued a profit warning: Expected adjusted net profit of approximately RMB 550 million to RMB 590 million in 2025, representing a year-on-year increase of approximately 57.6% to 69.1%. 14. Shanghai Auntie (02589.HK): Expects net profit of approximately RMB 495 million to RMB 525 million in 2025, representing a year-on-year increase of approximately 50% to 60%.