The S&P Nasdaq Composite fell for the first time in six days, with the Chinese concept index dropping more than 2%. Onshore and offshore renminbi briefly rose above 7.13 yuan.

The November FOMC minutes from the Federal Reserve did not suggest a rate cut, and officials unanimously agreed to maintain restrictive interest rates for a period of time. US stocks retreated from their three-month highs, with Microsoft and Nvidia falling from their all-time highs. Although the third-quarter earnings report was positive, Nvidia's stock fell more than 6% after hours. The positive earnings report boosted BIDU-SWR, which rose nearly 2% against the market trend, while Douyu's stock fell more than 8% at one point. US bond yields hit a daily high after the release of the FOMC minutes, but then fell again, with long-term bond yields hovering at a two-month low. Oil prices fell more than 1% during the day, with US oil closing lower for the first time in three days, while Brent crude rose in the late session and continued to rise for three consecutive days. The US dollar rebounded from its two-and-a-half-month low, with both onshore and offshore renminbi rising nearly 400 points during the day, and Bitcoin's decline narrowed, rising back above $37,000. Gold rose more than 1% and broke through $2,000 to reach its highest level this month, while London copper hit a two-month high once again.