中国基金报·2025-11-21 08:22Core Viewpoint - The A-share market experienced a significant decline on November 21, with all three major indices falling sharply, influenced by a broader downturn in the Asia-Pacific markets and concerns over high valuations and economic indicators from the U.S. [2][10][12] Market Performance - The Shanghai Composite Index fell by 2.45%, the Shenzhen Component Index dropped by 3.41%, and the ChiNext Index decreased by 4.02% [2] - A total of 354 stocks rose, 33 stocks hit the daily limit up, while 5,072 stocks declined, with 99 stocks hitting the daily limit down [3][4] Sector Analysis - AI application stocks showed resilience, with companies like Vision China and Ji Qi Software hitting the daily limit up [5] - The military industry sector was partially active, with Longxi Co. hitting the daily limit up and Jiu Zhi Yang rising over 10% [7] - Conversely, lithium mining stocks collectively plummeted, with Tianqi Lithium and Ganfeng Lithium among those hitting the daily limit down [9] Broader Market Context - The downturn in the A-share market was part of a larger trend, as the Asia-Pacific markets also faced declines, with significant drops in indices such as the KOSPI and the Hang Seng Index [11] - The U.S. stock market's overnight plunge was attributed to various factors, including concerns over the sustainability of AI investments and a strong employment report that raised doubts about the Federal Reserve's ability to lower interest rates [12][13]