Morn(SZ:002451) 智通财经网·2025-11-18 07:24Market Overview - The market experienced a decline today, with significant drops in the Asia-Pacific region, particularly in Japan and South Korea [1][2] - Bitcoin and gold also saw sharp declines, with the Nasdaq 100 futures dropping by 1% and the Dow futures down by 0.5% [1] Factors Influencing the Market - Analysts attribute the global asset decline to two main factors: the Federal Reserve's interest rate expectations and the rise in Japanese government bond yields [1] - The expectation that the Fed may not lower interest rates in the first half of next year has contributed to market uncertainty [1] - Japanese 10-year government bond yields have risen above 1.75%, nearing the highest level since 2008, which could significantly impact global liquidity [1] Sector Performance - AI applications led the market gains, with notable performances from companies like Alibaba and various software firms [2] - The internet e-commerce sector also showed strength, with stocks like Liren Lijiang and Lafang Jiahuaz rising sharply [2] - Conversely, sectors such as coal and steel experienced significant declines, with companies like Antai Group dropping nearly 10% [2] Stock Movements - A total of 1,278 stocks rose while 4,106 fell, with 61 stocks hitting the daily limit up and 37 hitting the limit down [3] - Major inflows were noted in communication equipment, IT services, and software development sectors, with stocks like Xinyi Sheng and Beifang Huachuang attracting significant investment [4] Future Market Outlook - Zhongyin Securities predicts a continuation of the 4,000-point market fluctuation, with limited directional breakthroughs expected in the short term [8] - The market is currently in a state of "high uncertainty" regarding the Fed's interest rate decisions, which will heavily depend on upcoming inflation and employment data [8] - Huaxi Securities emphasizes that the A-share market remains focused on stock selection, particularly in energy storage and domestic substitution sectors [9]