道指大跌超500点，多数中概股下跌，逸仙电商跌近21%，小鹏跌10%，比特币跌破92000美元

Market Overview - On November 18, U.S. stock indices collectively declined, with the Dow Jones dropping over 500 points, a decrease of approximately 1.2% [1] - The S&P 500 index fell over 2% in November, marking a reversal after six consecutive months of gains, and is down more than 3% from its historical peak [1] - The tech-heavy Nasdaq index has retreated over 5% from its record high [1] Stock Performance - Major tech stocks mostly fell, with Micron Technology down nearly 2%, Nvidia and Apple down over 1.8%, and Meta down 1.2%. Tesla, however, rose by 1.1% [2] - Google was a notable exception, initially rising 6% to reach a new all-time high, closing with a gain of just over 3%. Berkshire Hathaway reportedly increased its stake in Google during Q3 [2] - The Nasdaq Golden Dragon China Index fell by 1.21%, with significant declines in several Chinese stocks: Yatsen down nearly 21%, Manbang down over 11%, and XPeng down over 10% [2] Commodity and Cryptocurrency Market - Precious metals and base metals experienced widespread declines, with spot gold dropping nearly 2% to a low of $4006.80 per ounce, closing around $4045. Silver also fell over 1% [4] - The CME FedWatch Tool indicates a decrease in the probability of a 25 basis point rate cut by the Federal Reserve in December to 42.9% [4] - Cryptocurrencies faced significant downturns, with Bitcoin dipping below $92,000 and Ethereum also falling below $3,000. Over 160,000 traders were liquidated in the past 24 hours, with a liquidation amount of $851 million [4][6] Market Sentiment - The recent decline in Bitcoin is attributed to tightening U.S. dollar liquidity and changing Federal Reserve policy expectations, leading to increased funding costs that impact high-volatility assets [6] - An unusual phenomenon observed is the simultaneous decline of risk assets like Bitcoin and traditional safe-haven assets like gold, which raises concerns among analysts [6]