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Don't remind me again today

Morning scan on November 14: Overnight global markets have once again doused A-shares with cold water.



The mood of A-share investors is like a roller coaster. Just yesterday, the domestic market hit a new high, and now I wake up to find that the US stock market has plummeted.

The hardest hit by this round of sell-off? Tech stocks. Nvidia fell 3.58%, while Intel fared worse, dropping over 5%. Chip giants like AMD, Oracle, and Broadcom saw declines of over 4%, and Tesla plummeted by 6.64%.

The storage sector was not spared either - Micron Technology fell over 3%, SanDisk plummeted nearly 14%, and Western Digital and Seagate Technology dropped 5% and 7% respectively. It seems that after being shorted by certain institutions, the days of glory for AI concept stocks have temporarily come to an end.

The three major indexes collectively fell: the Nasdaq plummeted by 2.29%, the S&P 500 dropped by 1.66%, and the Dow Jones evaporated nearly 800 points, down by 1.65%. Most traditional blue-chip stocks followed suit, but Buffett's Berkshire Hathaway rose against the trend by 1.83%, with the old man's risk-averse allocation winning again.

U.S.-listed Chinese stocks were not able to stand out either. The Nasdaq Golden Dragon China Index fell by 1.59%. Alibaba, although it rose by 4% at one point due to the launch of the "Qianwen" project to compete with ChatGPT, ultimately closed up only 1.22%. Baidu plummeted by 6.43%, Xpeng Motors dropped by 3.3%, Bilibili fell by 4.78%, and WeRide experienced a severe drop of 8.32%.

The European market is similarly sluggish: the German DAX30 index fell by 1.39%, the French CAC index slightly decreased by 0.11%, and the Euro Stoxx 50 index declined by 0.77%. Safe-haven asset gold also fell.

The global market's recent correlated adjustment means that the A-shares might have to hold steady at the opening today.
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rekt_but_resilientvip
· 11-14 13:02
Here it comes again, when the US stock market sneezes, the A-shares catch a cold. I've memorized this rhythm. --- Buffett has won big again; the old man's risk-averse instincts are truly incredible. --- SanDisk plummeted 14%? How many people did this trap... --- New highs yesterday were smashed today; the roller coaster is indeed terrifying, but we're used to it, right? --- Once the glory days of AI concept stocks end, these institutions start harvesting; it's a typical capital game. --- Baidu's 6.43% drop is quite harsh; it seems the ChatGPT threat is very real. --- Every time there’s a global coordinated adjustment, it relies on safe-haven assets to bail us out; gold really is the anchor. --- Berkshire rose 1.83% against the trend; this is the power of Buffett's allocation, we need to learn from it.
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ZenZKPlayervip
· 11-14 11:55
Here it comes again, this wave of Be Played for Suckers is really amazing. Buffett has won again, and we retail investors are still in a daze. The hype around AI concept stocks is gone? It should have fallen back to Earth a long time ago.
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DEXRobinHoodvip
· 11-14 11:55
Here we go again, when the US stock market sneezes, the A-shares catch a cold, it's really incredible. Buffett has won again, while we are still chasing the price and getting trapped. SanDisk fell by 14%, is this a close all positions? If I had known, I should have gone all-in on gold for hedging yesterday; now everything is falling. Baidu directly dropped over 6%, is the AI concept really doomed this time?
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BridgeJumpervip
· 11-14 11:43
Here we go again, when the US stock market sneezes, the A-shares catch a cold, it's incredible. SanDisk experienced a big dump of 14%? What a situation this must be... shorting institutions are really ruthless. Old Buffett has won again, we need to learn well about this hedging thing.
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