Don’t hit the panic button when it comes to technology withdrawal just yet

November is historically the best month for the S&P 500 index, with an average gain of 1.8% over the period, according to Stock Traders Almanac.

However, during the first full week of the month, stocks were hit by the November rains.

of S&P500 and Dow Jones Industrial Average Each decreased by more than 1%, but Nasdaq Composite It fell by about 3%. This was the biggest weekly decline since the tech index fell 10% in the week ending April 4.

A few months ago, tariffs were a shadow hanging over stock prices. There are currently concerns that artificial intelligence-related stocks are being traded at prices that diverge from the actual value of the company.

“You’re investing trillions of dollars in, say, seven stocks. So when you have that kind of concentration, it’s inevitable that you’re going to worry about, ‘When is this bubble going to burst?'” DBSTan Suchan, Southeast Asia’s largest bank, told CNBC.

goldman sachs CEO David Solomon also believes there may be some ups and downs in the future.

“The stock market is likely to decline by 10 to 20 percent within the next 12 to 24 months,” Solomon said Tuesday at the Global Financial Leaders Investment Summit in Hong Kong.

However, a pullback is not necessarily bad for stock prices. It could even present a “buying opportunity” for investors, said Glenn Smith, chief investment officer at GDS Wealth Management.

All in all, despite concerns about high valuations in tech stocks, the gains are “reassuring,” UBS multi-asset strategist Kiran Ganesh told CNBC. That means the rain won’t last and the rally could go on for a little longer.

—CNBC’s Lee Ying Shan, Hugh Leask and Lim Hui Jie contributed to this report.

Major U.S. indexes were mixed. The Nasdaq Composite Index closed 0.21% lower on Friday, but U.S. futures rose Sunday night. Asia-Pacific markets rose on Monday, with South Korean markets also performing well. Kospi It was up more than 3% as of 2pm Singapore time (1am Eastern time).

China rescinds rare earth regulations. The Chinese government announced on Friday that it would suspend some export restrictions on rare earth elements. The move follows a meeting between US President Donald Trump and Chinese President Xi Jinping on October 30th.

Nexperia’s impasse is showing signs of easing. China’s Ministry of Commerce announced in a statement on Sunday that it had taken steps to allow the export of certain chips from Nexperia’s facilities in China. Nexperia parent company stock wing tech technology I went up on Monday.

The U.S. government is on track to lift the shutdown. The U.S. Senate passed the first phase of a deal to end the government shutdown Sunday night. The procedure will allow other votes essential to the agreement to take place from Monday.

(PRO) Chinese sectors that will benefit from AI. Earnings season is here in the country, with some AI-related sectors in the spotlight with growth of up to 57%, while others are facing declines due to intense price competition.

Global wealth boom is spurring an increase in family office fraudsters

Fundraisers and scammers are posing as family office representatives to scam gullible investors, but some are just in it to “pump their egos,” several industry veterans told CNBC.

The information vacuum seems to be encouraging scammers. In many markets, true single family offices (SFOs) are exempt from registration as long as they only manage family funds. Industry experts say these privacy norms often make verification difficult.

— Li Yingshan