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Mixed Stock and Livestock Futures Trading
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International stocks trading in New York closed higher, with FLJ Group from China surging 45%, while Japan-based SYLA Technologies increased by 21%. PureTech Health from the UK also saw an 18% surge. Conversely, SOS from China plummeted 22%, followed by The9 from China plunging almost 20%. Canaan from China also experienced a 18% decline to $2.31. Meanwhile, CME livestock futures were mostly mixed, with CME's December live cattle futures contract ending the day up 2.475 cents to settle at $173.675 per pound. The weekly exports for the period ended Dec. 21, net beef sales for 2023 were 2,100 metric tons, with South Korea and China as the top buyers.
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How might the surge in certain international stocks impact global financial markets and investor sentiment?
What factors could have influenced the mixed performance of livestock futures amidst limited technical trading and weak export news?
What implications do the declining stock prices of companies like SOS and The9 have for their respective markets and industries?
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