2 1 Shi Ji Jing Ji Bao Dao·2025-11-25 15:59Market Performance - Major US tech stocks showed mixed performance, with Facebook, Apple, and Google rising over 1%, while Amazon, Microsoft, Tesla, and Oracle saw declines of over 1% to 4% [2] - Nvidia's stock fell by 6.4%, reaching a new low since September 17, with a total market value of $4.15 trillion, down $1 trillion from its historical peak [2] - Chinese concept stocks also experienced mixed results, with Hesai Technology rising nearly 7% and XPeng increasing over 5% [3] Company Earnings - Alibaba's stock dropped over 2.7% after initially rising over 4%, reporting Q2 FY2026 revenue of 247.8 billion RMB and adjusted net profit of 10.35 billion RMB [4] - NIO reported a record high delivery of 87,071 vehicles in Q3, a year-on-year increase of 40.8%, with revenue of 21.79 billion RMB, up 16.7% year-on-year [4] - Zhihu's stock fell over 10% after announcing Q3 revenue of 659 million RMB and a net loss of 46.7 million RMB [4] Economic Indicators - The US PPI for September showed a year-on-year increase of 2.7%, matching expectations, while core PPI rose by 2.6% [5] - US retail sales increased by 0.2% month-on-month, below the expected 0.4% [5] Oil Market Outlook - The situation in Ukraine is reportedly progressing towards a resolution, which may impact oil prices [7] - Analysts predict a significant oversupply in the global oil market, with Brent crude oil prices potentially falling below $60 by 2026 [7]