Jinyuan Securities·2025-11-21 04:31Group 1: International Stock Market Overview - European markets saw all three major indices close higher, with the German DAX index rising by 1.11% to 23,419.35 points, the French CAC40 index increasing by 0.34% to 7,981.07 points, and the UK FTSE 100 index up by 0.21% to 9,527.65 points [4][7] - In the US market, all three major indices closed lower, with the Dow Jones falling by 0.84% to 45,752.26 points, the S&P 500 down by 1.56% to 6,538.76 points, and the Nasdaq decreasing by 2.15% to 22,078.05 points. Cisco and Boeing led the decline, both dropping over 3% [4][7] - The Hang Seng Index in the Asia-Pacific region rose by 0.02% to 25,835.57 points, while the Nikkei 225 index increased by 2.65% to 49,823.94 points [4][7] Group 2: Company News - NetEase reported third-quarter revenue of 28.4 billion yuan, a year-on-year increase of 8.2%, with a net profit of 9.5 billion yuan compared to 7.5 billion yuan in the same period last year [4][13] - Xiaomi's automotive division celebrated the production of its 500,000th vehicle at its super factory, achieving this milestone in just over one year and seven months [4][13] - Nvidia is on track to reach its target of $500 billion in core AI chip revenue over the next two years, reporting third-quarter revenue of $57 billion, a 62% year-on-year increase, and a net profit of $31.9 billion, up 65% [4][13] Group 3: Domestic News - The one-year and five-year Loan Prime Rates (LPR) in China remained stable for six consecutive months, reported at 3.0% and 3.5% respectively, indicating potential for future decreases to stabilize the economy [10][11] - The scale of college graduates in China for 2026 is expected to reach 12.7 million, an increase of 480,000 from the previous year, with over 12 million job opportunities provided during recruitment activities [12][13]