Chinese stocks experienced a significant selloff on November 22, 2024, exacerbated by disappointing earnings from major tech companies. The mainland CSI 300 Index fell by 3.1%, marking its largest decline since October. The Hang Seng Tech Index also saw a dramatic drop, tumbling over 20% from its October high and entering a bear market. The downturn was attributed to weak earnings reports from Baidu, which recorded its biggest revenue drop in two years, and PDD. Additionally, concerns regarding Donald Trump's potential return to political prominence and Texas's call to divest from Chinese state funds contributed to the negative sentiment. The overall market reaction reflects growing unease over U.S.-China trade relations and the impact of tariffs.