Xuan Gu Bao·2025-11-05 00:10Market Overview - US stock market faced a significant decline, with the S&P 500 dropping by 1.17%, the Dow Jones down by 0.53%, and the Nasdaq falling by 2.04%, marking a new low in over a week [1] - European STOXX 600 index also decreased by 0.30% [1] - AI-related stocks experienced notable drops, with Nvidia and Palantir falling nearly 4% and 8% respectively, and Oracle declining by nearly 4% [1] Earnings Reports - AMD's post-market performance was disappointing, leading to a drop of 3%, while Pinterest saw a significant decline of nearly 20% [2] - Supermicro's stock fell by 10% after its earnings report [2] Commodity Prices - WTI crude oil futures for December fell by 0.80%, while COMEX gold futures dropped by 1.33% [2] - LME copper and aluminum futures also saw declines of approximately 1.8% and nearly 1.5% respectively [2] Currency Movements - The US dollar index achieved a three-month high, marking five consecutive days of gains [2] - The British pound fell nearly 1% to a seven-month low, and the offshore Chinese yuan dropped over 100 points, falling below 7.13 to a three-week low [2] Corporate Developments - Nvidia partnered with Deutsche Telekom to establish the largest AI center in Europe, deploying up to 10,000 GPUs to enhance AI computing power in Germany by 50% [4] - Apple plans to launch its first low-cost Mac priced below $1,000, aiming to compete with Microsoft and Chromebooks [5] Domestic Events - The 30th regular meeting between Chinese and Russian Prime Ministers emphasized cooperation in Arctic navigation, AI, and information technology [6] - The Chinese Ministry of Commerce criticized the Netherlands for interfering in corporate affairs [7] Investment Strategies - Short-term market outlook suggests a potential for index fluctuations and rapid sector rotations, with recommendations to focus on high-dividend sectors like banking and insurance, as well as low-priced sectors with performance support [13] - Mid-term outlook remains optimistic due to sustained global tech investment enthusiasm and supportive policies [13] Upcoming Events - The 2025 6G Development Conference is scheduled to be held in Beijing next week, focusing on key technological advancements [14][15] New Stock Offerings - A new stock, Dapeng Industrial, is available for subscription at a price of 9 yuan per share, specializing in industrial precision cleaning equipment [17] Company Announcements - Hopu Co. signed a 500 million yuan contract for energy storage systems [19] - Haichuang Pharmaceutical completed the first participant enrollment for its clinical trial of HP515, a drug for metabolic-related fatty liver disease [19]