2 1 Shi Ji Jing Ji Bao Dao·2025-11-06 23:37Market Overview - Major U.S. stock indices closed lower, with the Nasdaq dropping nearly 2% as several prominent tech stocks experienced declines [1] - Large-cap tech stocks fell broadly, with Nvidia down 3.65%, resulting in a market cap loss of $173.3 billion (approximately ¥12,337.92 billion) [2][3] - Tesla and Qualcomm both fell over 3%, while Oracle, Amazon, and Meta dropped more than 2% [2] - Microsoft has seen a continuous decline for seven trading days, marking its longest losing streak since 2022 [2] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index saw a slight decline of 0.03%, with mixed performances among Chinese stocks [3] - Xpeng Motors rose nearly 10%, while Arctech Solar increased by nearly 7% [3] Global Market Trends - European stock markets also closed lower, with Germany's DAX and France's CAC40 indices both dropping over 1% [6] - Investors are increasingly concerned about high valuations following a strong market rally driven by AI hype and interest rate cut expectations, leading to a general market pullback [7] Commodity and Cryptocurrency Market - International oil prices showed volatility, with U.S. crude oil contracts down 0.12% and Brent crude down 0.08% [7] - The cryptocurrency market faced significant declines, with nearly 200,000 individuals experiencing liquidations totaling $563 million [8][9] Tesla's Compensation Plan - Tesla shareholders approved a compensation plan for Elon Musk potentially worth up to $1 trillion, requiring him to remain CEO for 7.5 years to earn the full stock awards [12][13] - Tesla's Q3 results showed a 12% year-over-year revenue increase, reaching a record high, but net profit fell by 37%, with an operating margin of only 5.8%, the lowest in nearly five years [13][14]