Xin Yong An Guo Ji Zheng Quan·2025-11-21 02:39Market Performance - A-shares adjusted with the Shanghai Composite Index down 0.4% to 3931.05 points, Shenzhen Component down 0.76%, and ChiNext down 1.12%[1] - Hong Kong's Hang Seng Index closed up 0.02% at 25835.57 points, while the Hang Seng Tech Index fell 0.58%[1] - The total market turnover in Hong Kong was 2451.357 million HKD[1] Employment Data - The U.S. added 119,000 jobs in September, but the unemployment rate rose to 4.4%, the highest in nearly four years[8][13] - Job growth was concentrated in healthcare, entertainment, and hospitality, while manufacturing and business services saw job losses[13] Inflation and Interest Rate Outlook - Multiple Federal Reserve officials warned about inflation risks, making the outlook for interest rate cuts uncertain before year-end[1][13] - The market currently estimates a 40% chance of a rate cut in December[13] Geopolitical Tensions - China rejected Japan's statements regarding Taiwan and reiterated demands for the Japanese Prime Minister to retract his comments[1][13] - The U.S. expressed support for Japan in any disputes with China, indicating ongoing geopolitical tensions[8][13]