Federal Reserve's Goolsbee said the Fed should be vigilant for signs of broad economic overheating.

MOFCOM said on Dec. 12 it has raised serious concerns with relevant EU governments after reports that some member states are banning equipment from Chinese firms. The ministry said 5G is critical digital infrastructure whose construction and operation should follow market principles, technology neutrality and international rules, reiterated opposition to politicizing or over‑securitizing technology, and urged those countries to correct the measures and provide Chinese companies a fair, impartial and non‑discriminatory business environment.

South Korea's KOSPI fell below 5,300, down 1.42% intraday.