大跌之时别恐慌！ 昨晚，美股尾盘大跳水，今早亚太股市全线暴跌。虚拟币市场更是发出强烈的空头指引。A股和港股开盘，也是大幅杀跌。全球流动性似乎出现了问 题。 全线杀跌 | | 名称 ▼ | 月 ▼ | | | - - - - - 最低 - - - 涨跌额 ▼ | | 涨跌幅 ▼ | 时间 ▼ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | = US 30 | | 45,958.50 | 45,986.00 | 45,717.30 | +206.20 | +0.45% | 10:16:02 9 | | | = US 500 | | 6,564.80 | 6,571.50 | 6,523.30 | +25.80 | +0.40% | 10:16:00 0 | | 工 | 트 US Tech 100 | | 24,117.60 | 24,160.90 | 23,949.80 | +63.20 | +0.26% | 10:16:00 0 | | | ■ US 2000 | | 2,313.70 | 2,315.70 | 2,295.80 | + ...

Core Viewpoint - The recent global market downturn is primarily driven by the Federal Reserve's management of expectations and turmoil in the Japanese bond market, but there are emerging positive signals that could stabilize the situation [1][3]. Group 1: Market Performance - On November 21, the Shanghai Composite Index opened down 0.87%, with the Shenzhen Component down 1.76% and the ChiNext Index down 2.07%. The decline was broad-based, particularly affecting the computing hardware supply chain, with significant drops in memory, CPO, lithium mining, lithium battery electrolyte, semiconductors, consumer electronics, photovoltaics, and AI application stocks [2]. - The Shanghai Composite Index fell by 1.88% and the ChiNext Index by 3.18% by midday, with nearly 5,000 stocks declining [2]. - The Hang Seng Index opened down 1.45% and the Hang Seng Tech Index dropped over 2.5%, with major tech stocks like Baidu, Tencent Music, and Bilibili falling more than 4% [2]. Group 2: Economic Indicators - The recent downturn is linked to decreased expectations for a Federal Reserve rate cut and ongoing declines in Japanese government bonds. However, there are signs of a potential turnaround, as U.S. Treasury Secretary Janet Yellen indicated that the Fed should continue its rate-cutting cycle [3]. - Japanese government bond yields have started to decline, suggesting a short-term stabilization. The yen's exchange rate and Japanese bond yields had previously experienced significant drops, with the dollar reaching 157.89 yen, the highest since January [4]. - Japan's Finance Minister expressed concerns over rapid currency fluctuations and indicated that appropriate actions would be taken to address excessive volatility [4].