Market Overview - On November 18, the A-share market experienced a decline, with the Shanghai Composite Index falling by 0.81% to 3939.81 points, and the Shenzhen Component Index dropping by 0.92% to 13080.49 points [2][3] - The overall market turnover exceeded 1.9 trillion yuan, an increase of over 15 billion yuan compared to the previous day, with more than 4100 stocks declining [2] Sector Performance - AI application concepts showed resilience, with stocks like Rongji Software, Inspur Software, and Xuanyuan International achieving consecutive gains [3] - The internet e-commerce sector also saw an increase, highlighted by Liren Lizhuang hitting the daily limit [3] - Conversely, the coal sector faced significant losses, with Yunmei Energy and Baotailong hitting the daily limit down [3] Automotive Industry - XPeng Motors reported a significant drop of over 10% in its stock price, reaching a low of 85.5 HKD [6] - In Q3, XPeng Motors achieved a total delivery of 116,007 vehicles, marking a year-on-year increase of 149.3% and a quarter-on-quarter increase of 12.4% [8] - The company's Q3 revenue reached 20.38 billion yuan, up 101.8% year-on-year, with a gross margin of 20.1%, an increase of 4.8 percentage points year-on-year [8] - For Q4 2025, XPeng anticipates total deliveries between 125,000 and 132,000 vehicles, representing a year-on-year increase of 36.6% to 44.3% [8] Global Market Context - Global markets faced a downturn, with the Nikkei 225 and the Korean Composite Index both dropping over 3% [9][10] - The Nasdaq 100 futures saw a decline of up to 1%, while Bitcoin fell below 90,000, erasing all gains for 2025 [10] - There is a growing debate regarding the valuation of AI stocks, particularly in light of Nvidia's performance and upcoming employment reports, with some institutions suggesting a bubble may be forming [10]
逆势拉升！A股这一概念，突然爆发
Zheng Quan Shi Bao·2025-11-18 08:35