Group 1 - The market experienced a significant adjustment today, with the Shanghai Composite Index falling below 4000 points, primarily influenced by the Japanese yen's depreciation and the strong US dollar [1][2] - The afternoon trading session saw a sharp decline in Hong Kong stocks, while A-shares showed some resilience until later in the day, with 4100 stocks across both markets declining [2][4] - The Federal Reserve's recent interest rate cut of 25 basis points was anticipated, but comments from Chairman Powell about the possibility of no further cuts in December caused market volatility, with a 72% expectation for a rate cut still prevailing [4] Group 2 - The upcoming earnings reports and macroeconomic events are expected to shift market focus from expectations to reality, particularly regarding technology companies and their future earnings potential [5] - The technical analysis indicates that the Shanghai Composite Index confirmed a bearish structure, suggesting ongoing challenges in the market, with insufficient adjustment time leading to unresolved technical issues [8]