European and American stock markets collectively closed down, the Nasdaq fell 4%, Tesla's stock price fell more than 15%, and the rising risk of a recession in the United States caused serious concerns in the market. Large technology stocks fell, and Tesla fell more than 15%, the largest one-day decline since September 2020, and the stock price was "halved" from its all-time high. Nvidia fell more than 5%, Apple, Meta, Google fell more than 4%, and Microsoft fell more than 3%. The cryptocurrency, automobile manufacturing, and semiconductor sectors were among the top decliners, while popular Chinese concept stocks generally fell, and the Nasdaq China Golden Dragon Index fell 3.59%. ZEEKR fell more than 11%, Bilibili fell more than 9%, Kingsoft Cloud fell more than 7%, Alibaba, Li Auto fell more than 5%, and JD.com and Pinduoduo fell more than 3%. The dollar index was 103.9, the yuan exchange rate was 7.26, oil fell nearly 2%, gold fell 0.7% to 2890, base metals mostly fell, and the A50 index fell 0.6%