{"id":3045,"date":"2025-11-05T14:29:28","date_gmt":"2025-11-05T03:29:28","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3045"},"modified":"2025-11-05T14:29:30","modified_gmt":"2025-11-05T03:29:30","slug":"amillex-daily-market-commentary-black-tuesday-hits-risk-assets-nasdaq-futures-drop-over-1-5-bitcoin-falls-below-104000-u-s-dollar-index-reclaims-the-100-level","status":"publish","type":"post","link":"https:\/\/amillexvn1.com\/zh_tw\/2025\/11\/05\/amillex-daily-market-commentary-black-tuesday-hits-risk-assets-nasdaq-futures-drop-over-1-5-bitcoin-falls-below-104000-u-s-dollar-index-reclaims-the-100-level\/","title":{"rendered":"Amillex\u6bcf\u65e5\u5e02\u5834\u8a55\u8ad6\uff1a\u300c\u9ed1\u8272\u661f\u671f\u4e8c\u300d\u91cd\u5275\u98a8\u96aa\u8cc7\u7522\uff0d\u7d0d\u65af\u9054\u524b\u671f\u8ca8\u8dcc\u78341.5%\uff0c\u6bd4\u7279\u5e63\u8dcc\u7834$104,000\uff0c\u7f8e\u5143\u6307\u6578\u91cd\u56de100\u95dc\u53e3"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">November 5, 2025 \u2014 U.S. equity futures led a global market selloff yesterday, with Nasdaq 100 futures sliding over 1.5%. The U.S. dollar index surged past the 100 mark, reaching a three-month high. Cryptocurrencies were hit hard \u2014 Bitcoin plunged to $103,600, the lowest level since June. Even safe-haven assets failed to hold up: spot gold fell below $3,980, and crude oil dropped more than 1%. Market sentiment is now dominated by the fierce tug-of-war between \u201cvaluation bubble deflation\u201d and \u201cpolicy path reconstruction.\u201d<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. and Global Equities: Tech Valuation Panic Spreads Across Regions<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq 100 futures fell 1.53%, S&amp;P 500 futures 1.13%, and Dow futures 0.5%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">European stocks slumped \u2014 Germany\u2019s DAX dropped 1.8%, France\u2019s CAC 40 lost 1.7%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">In Asia-Pacific, markets tumbled \u2014 Japan\u2019s Nikkei 225 retreated 1.7% from record highs, while South Korea\u2019s KOSPI fell 2.4%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Stock Highlights:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">AI stocks plunged: Palantir fell 6% after earnings (despite record revenue); Nvidia and TSMC each lost about 1%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Chinese ADRs under pressure: Alibaba and NIO dropped more than 2%, as tightening liquidity weighed on risk appetite.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u95dc\u9375\u9a45\u52d5\u56e0\u7d20\uff1a<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Valuation bubble concerns: CEOs of Goldman Sachs and Morgan Stanley warned that tech stocks are overvalued and could face a 10\u201320% correction.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Policy uncertainty: Fed officials sent mixed messages \u2014 Goolsbee sounded hawkish, while Milan struck a dovish tone \u2014 cutting the odds of a December rate cut to below 65%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">FX Market: Dollar Index Breaks 100, Yen Weakens to 154.48<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Strong dollar: The U.S. Dollar Index rose 0.03% to 99.90, intraday topping 100 for the first time in three months.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Yen weakness: USD\/JPY hit 154.48, the weakest since February 13, as widening rate differentials persisted.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Euro softness: EUR\/USD slid to 1.1498, its lowest since August 1, as expectations strengthened for the ECB to remain on hold.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Underlying logic: Solid U.S. economic resilience (manufacturing PMI contracted but beat expectations) and hawkish Fed rhetoric continue to support the dollar.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Commodities: Gold Slips Below $3,980, Oil Weakens on Supply-Demand Worries<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Precious metals: Spot gold fell 0.3% to $3,980, marking a third consecutive daily loss; silver dropped 1% to $47.56.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Headwinds: A stronger dollar and rising real yields offset demand from geopolitical risk.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Energy: WTI crude fell 1.4%, dipping below $60; Brent crude also declined.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bearish mix: OPEC+ paused production hikes, but demand concerns grew as EIA data showed a 500,000-barrel inventory build (vs. expected drawdown).<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Crypto: Bitcoin Hits Five-Month Low as Leveraged Longs Liquidated<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Massive selloff: Bitcoin fell nearly 3% to $103,600; Ethereum slid over 3% to $3,480; altcoins like Solana and BNB dropped more than 5%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Total liquidations: $1.2 billion in positions were wiped out across the market within 24 hours.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u57fa\u672c\u539f\u7406\uff1a<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Regulatory overhang: The U.S. SEC tightened scrutiny on stablecoins, while China\u2019s central bank reaffirmed its crackdown on crypto speculation.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Liquidity squeeze: Bitcoin spot ETFs saw four straight days of outflows totaling $1.8 billion, with open interest down 30% from peak levels.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u4eca\u65e5\u91cd\u9ede\uff1a<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">China: October trade balance;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S.: EIA crude oil inventory data;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed speakers: New York Fed President John Williams \u2014 watch for comments on inflation stickiness;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">China International Import Expo: Premier Li Qiang\u2019s keynote speech may boost foreign investor sentiment if he signals further market opening;<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">PBOC liquidity operations: \u00a5700 billion in reverse repos maturing \u2014 the scale of rollover will indicate liquidity stance.<\/h2>\n<\/blockquote>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>November 5, 2025 \u2014 U.S. equity futures led a global market selloff yesterday, with Nasdaq 100 futures sliding over 1.5%. The U.S. dollar index surged past the 100 mark, reaching a three-month high. Cryptocurrencies were hit hard \u2014 Bitcoin plunged to $103,600, the lowest level since June. Even safe-haven assets failed to hold up: spot [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/posts\/3045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/comments?post=3045"}],"version-history":[{"count":1,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/posts\/3045\/revisions"}],"predecessor-version":[{"id":3047,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/posts\/3045\/revisions\/3047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/media\/3046"}],"wp:attachment":[{"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/media?parent=3045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/categories?post=3045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amillexvn1.com\/zh_tw\/wp-json\/wp\/v2\/tags?post=3045"}],"curies":[{"name":"\u53ef\u6fd5\u6027\u7c89\u5291","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}