Politburo sets 2026 economic agenda, HOOD pushes into SE Asia crypto | Daily News Recap

1208 | Dolphin Research Focus:

🐬 Macro/Industry

1. The CPC Politburo met on Dec 8 to review economic work for 2026 and deliberated the 'Regulations on the Party's Leadership over Law-Based Governance'. It set the tone for next year: a more proactive fiscal stance and moderately accommodative monetary policy.

🐬 Stock Moves

1. $Robinhood(HOOD.US)

Robinhood said in a Sun. blog post it will acquire Indonesian broker Buana Capital Sekuritas and licensed digital asset dealer Pedagang Aset Kripto, targeting completion in H1 2026, marking its entry into Indonesia, a key crypto hub in SE Asia. Indonesia’s young demographics and high digital-asset penetration imply growth potential in retail trading and crypto.By buying licensed entities, HOOD can fast-track securities and digital-asset approvals, lowering market-entry costs. If integration goes well, the deal could diversify revenue and hedge against a U.S. growth slowdown.

2. $NVIDIA(NVDA.US)

NVIDIA released CUDA Toolkit 13.1, headlined by a new CUDA Tile programming model. It lets developers write GPU code at a higher abstraction than traditional SIMT, defining data tiles and compute logic while auto-optimizing low-level scheduling to ease GPU programming and boost productivity.The company called it the largest and most comprehensive CUDA update since the platform launched in 2006.

3. $Alphabet(GOOGL.US)

Google plans to lift annual TPU output to over 5 mn units by 2027 (some expect up to 7 mn), a major ramp from 3.5 mn in 2025. TPUs have been mostly for internal use.Last month, reports said Meta was in talks to deploy Google TPUs worth several bn dollars in its 2027 data centers. If finalized, this could challenge NVIDIA’s dominance in AI compute, lower costs, and diversify architectures; we will keep watching.

🐬 Top Gainers

A-share: Leaders: telecom equipment, hardware and equipment distributors, and forest products. Sector breadth improved.

HK stocks: Leaders: specialized chemicals, professional consumer services, and insurance brokers. Market tone turned firmer.

US stocks: Leaders: diversified capital markets, jewelry/toys/stationery retailers, and apparel retailers. Momentum was broad-based.

🐬 Watch Tomorrow

1. Google will host an AndroidXR special event at 10:00 a.m. PT on Dec 8. That is 2:00 a.m. Beijing time on Dec 9.

2. NY Fed 1-year inflation expectations. Release due tomorrow.

Risk disclosure and statement. See: 海豚研究免责声明及一般披露