The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Alibaba (BABA) Increases Despite Market Slip: Here's What You Need to Know
Unusual Options Activity: BABA, CMA and Others Attract Market Bets, BABA V/OI Ratio Reaches 764.7
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9 Consumer Discretionary Stocks With Whale Alerts In Today's Session
China to Lift Fiscal Spending to Boost Economy
Thelord : Talk only no actual policy to boost consumption
103382836 : Talk with no substance. Same as Scamala
ValueBull OP Thelord : there is policy action. are you living under a rock?
1) cut in RRR
2) CUT IN LPR
3) REFINANCING OF 12TRILLION RMB IN HIDDEN DEBT
4) REMOVAL OF ALL RESTRICTIONS IN PROPERTY MARKET
5) STATE BANK RECAPITALISATION PLAN
6) CUT IN MORTGAGE RATES
7) 300B FINANCIAL LINES AVAILABLE FOR SHARE BUYBACKS