The three major US stock indices ended mixed, with the Dow Jones Index dropping 45.74 points to close at 34945.47, a decrease of 0.13%; The Nasdaq Index rose 9.83 points, or 0.07%, to 14113.67; The S&P 500 index rose 5.36 points, or 0.12%, to close at 4508.24.
Most large technology stocks rose, with Intel up over 6%, NVIDIA, Netflix, Microsoft, and Google up over 1%, while Apple and Meta rose slightly; Tesla fell more than 3%, while Amazon slightly declined. Among them, Microsoft has hit a new closing high for three consecutive trading days and hit a new intraday high.
Popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling 3.09%, Alibaba falling more than 9%, Bilibili falling more than 7%, NIO and Xiaopeng Automobile falling more than 6%, iQiyi, Weibo, Futu Holdings, and Ideal Automobile falling more than 4%, Manbang and Baidu falling more than 3%, Vipshop and NetEase falling more than 2%, JD and Pinduoduo falling more than 1%; Tencent Music rose by over 2%.
Global News

  The two heads of state had a frank and in-depth exchange of views on strategic, global, and directional issues related to China US relations, as well as major issues related to world peace and development.
Wang Yi introduced the situation and answered questions to the media regarding the San Francisco meeting between China and the US dollar
  After the meeting, Wang Yi, a member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, introduced the situation to the media and answered questions.
Minister of Commerce Wang Wentao will hold talks with US Secretary of Commerce during the APEC meeting
During the APEC Leaders' Informal Meeting, Minister Wang Wentao will hold another meeting with US Secretary of Commerce, Ms. Raymond, to discuss the implementation of the important consensus reached during the meeting between the two heads of state and solve important issues in bilateral economic and trade relations. If there is any further information, we will release it in a timely manner.
China and the United States will optimize the visa application process
  We look forward to the people of both countries moving more, interacting more, and exchanging more, and jointly continuing the story of friendship between the two peoples in the new era!
South Korea is considering implementing a 10-year stock trading ban on illegal short sellers
On November 16th, the South Korean Financial Supervisory Authority stated that South Korea is considering a series of measures to punish illegal short sellers, including prohibiting them from trading stocks for up to 10 years. The authorities are also seeking to restrict South Korean companies from appointing illegal short sellers as executives.
Rocket of Russia! How did all Western predictions of a comprehensive recovery come about when the economic growth rate exploded?
According to a report released by the Russian Federal Bureau of Statistics later Wednesday, Russia's GDP growth rate in the third quarter accelerated from 4.9% in the previous quarter to 5.5% year-on-year. This result exceeded the expectations of all economists surveyed by Bloomberg!
14% of employment positions are in jeopardy! Bank of Korea warning: AI may steal 4 million jobs
According to a study by the Bank of Korea, artificial intelligence (AI) may replace up to 4 million jobs over the next 20 years, accounting for 14% of the country's workforce. This is the latest warning that AI is about to disrupt the labor market.
Company News
Latest! Ma Yun Family Trust plans to reduce its holdings in Alibaba's financial report, which just announced that there will be significant business moves!
According to financial report data, the revenue for the quarter was 224.79 billion yuan, a year-on-year increase of 9%; The operating profit was 33.584 billion yuan, a year-on-year increase of 34%; Adjusted EBITDA of RMB 49.24 billion, a year-on-year increase of 14%; The adjusted net profit was 40.19 billion yuan, a year-on-year increase of 19%. According to 144 documents disclosed by the US Securities and Exchange Commission (SEC), JC Properties Limited and JSP Investment Limited, wholly-owned by Jack Ma Family Trust, plan to sell the founder's shares of Alibaba on November 21, involving a total stock market value of 870.7 million US dollars.
The growth rate of the gaming business is twice that of Tencent, which is good for NetEase's Q3 revenue and profit growth exceeding 10%
On the evening of November 16th, NetEase released its financial report for the third quarter of 2023, which showed that NetEase's Q3 net income was 27.3 billion yuan, an increase of 11.6% year-on-year; The net profit attributable to the company's shareholders was 7.837 billion yuan, an increase of 17% year-on-year. The financial report also mentioned that Chief Financial Officer Yang Zhaoxuan will resign due to personal reasons and will no longer hold this position from November 30th, but will continue to serve as a company consultant to ensure a smooth transition.
Blackstone Group intends to sell 11 logistics parks: with a total price of over 10 billion yuan, there are already potential buyers
Recently, Pengpai News learned from anonymous sources that the world's largest alternative asset management company, Blackstone Group, is selling its logistics asset package located in China, with a total price of over 10 billion yuan (RMB). It is understood that the asset package has already become an intended buyer.
Understanding the Q3 position changes of Wall Street giants through a chart: What are Buffett and Soros buying?
With numerous Wall Street giants disclosing their third quarter 13-F reports, the latest holdings of American investment giants have also emerged.