The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
Zhihu Price Target Cut to $4.70/Share From $5.40 by Citigroup
Zhihu Analyst Ratings
Citi Maintains Zhihu(ZH.US) With Buy Rating, Cuts Target Price to $4.7
The profit turning point is approaching, AI search is growing rapidly, and it's time to re-examine the opportunities and value of zhihu (ZH.US; 2390.HK).
From the disclosure of the third-quarter report, AI's contribution to the performance of technology giants is becoming increasingly significant, continuously validating an industry trend: AI has entered the second half of application competition, accelerating commercialization. For example, this is directly reflected in the collective unexpected performance growth of overseas AI application companies like Applovin and palantir. In this trend, the capital markets' confidence in AI applications continues to strengthen, viewing them as one of the main lines of technology investment, driving the stock prices of some related domestic and foreign companies to soar. On the other hand, from a broader perspective, the AI applications field contains rich investment opportunities, still holding potential.
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