On November 6, U.S. stocks ended the session with all three major indices posting sharp declines: the Dow fell 3.44%, the Nasdaq dropped 5.52%, and the S&P 500 slid 4.35% — the largest single-day drop since April 2025. Memory and optical communications sectors were hit particularly hard, with SanDisk tumbling over 22%, Western Digital and Micron Technology each falling more than 17%, Lumentum plunging over 18%, Marvell Technology dropping more than 16%, and SK Hynix declining over 13%. Large-cap tech stocks fell across the board, with Tesla down more than 10%, Nvidia down over 9%, Meta and Microsoft each down over 3%, Google and Amazon each down over 2%, and Apple down over 1%. Popular Chinese concept stocks put in a mixed performance: NetEase rose over 4%, JD.com gained more than 3%, while Alibaba, Pinduoduo, Li Auto, and Bilibili each climbed over 2%; NIO fell more than 3%, XPeng Group dropped over 2%, and Baidu and iQIYI each declined over 1%.