Most Chinese stocks fell

On Thursday, November 14, local time, all three major U.S. stock indexes fell. As of the close, the Dow fell 207.33 points, or 0.47%, to 43,750.86 points; the Nasdaq fell 123.07 points, or 0.64%, to 19,107.65 points; the S&P 500 fell 36.21 points, or 0.60%, to 5,949.17 points.

Popular technology stocks rose and fell, ASML rose nearly 3%, Qualcomm rose more than 2%, Apple rose more than 1%, TSMC, ARM, Netflix, Microsoft, Intel, Nvidia rose slightly; AMD fell more than 11%, Tesla fell more than 5%, Cisco fell more than 2%, Google-A and Amazon fell more than 1%, Micron Technology, Meta, and AMD fell slightly.

Tesla closed down 5.77%, and its total market value fell back below $1 trillion. Its market value evaporated by $61.2 billion (about RMB 442.4 billion) overnight. As part of broader tax reform legislation, the Trump transition team is planning to cancel the $7,500 electric vehicle tax credit, and Tesla representatives also support ending subsidies.

Nvidia closed up 0.33%. Nvidia will release its earnings report on November 20. Susquehanna raised Nvidia's target price from $160 to $180; HSBC raised Nvidia's target price from $145 to $200.

Most of the popular Chinese stocks fell, and the Nasdaq China Golden Dragon Index closed down 1.81%. Bilibili fell more than 12%, JD.com and Miniso fell more than 6%, Xiaopeng Motors fell more than 5%, Weilai, Ctrip, Dingdong Maicai fell more than 3%, Futu Holdings and Zhihu fell more than 2%, and Alibaba fell more than 1%; NetEase and SoYoung rose more than 10%, iQiyi and NetEase Youdao rose more than 2%.

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