Zhong Guo Ji Jin Bao·2025-11-11 08:05Market Overview - Asian markets experienced a significant downturn, with major indices showing a pattern of opening high and closing low [2][14] - The Shanghai Composite Index fell by 0.39%, the Shenzhen Component dropped by 1.03%, and the ChiNext Index decreased by 1.4% [3] - A total of 2,785 stocks rose, while 2,504 stocks declined, indicating a broad market sell-off [4] Sector Performance - The superhard materials sector saw gains, with stocks like Sifangda (300179) and Huanghe Xuanfeng (600172) hitting the daily limit [6] - The photovoltaic sector also performed well, with Zhonglai Co. (300393) and GCL-Poly Energy (002506) achieving significant increases [8] - The consumer sector rallied in the afternoon, with stocks such as Huanlejia (300997) reaching the daily limit [10] Notable Declines - The storage chip sector faced adjustments, with Shannon Chip (300475) dropping nearly 10% and Tianfu Communication (300394) falling over 8% [12] - Japanese and Korean stock markets also experienced volatility, with the Nikkei 225 and Seoul Composite Index both showing initial gains before closing lower [14] Company-Specific News - SoftBank Group announced the complete divestment of its Nvidia shares for $5.83 billion, selling 32.1 million shares to pave the way for new investments in AI [19] - This sale follows a significant increase in SoftBank's stock price, which surged 78% in the last quarter, driven by gains from AI-related assets like OpenAI and Oracle [19] - CEO Masayoshi Son is focusing on investments in AI and chip sectors while reducing exposure to other investments, including a potential $30 billion investment in OpenAI [20]