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The Nikkei 225 index has just broken through the 57,500.00 mark, currently trading at 57,485.95, down 5.88% on the day.

[Zakharova: No Real Progress in Russia-US Relations, Normalization Initiatives Undermined by US Congress] (1) Russian Foreign Ministry spokeswoman Maria Zakharova said that in recent years, initiatives concerning the normalization of relations between Moscow and Washington have been sabotaged by conspiracies by some in the US Congress. (2) Zakharova said at a press conference that a stable anti-Russian consensus has formed within the US Congress, openly undermining ideas and initiatives aimed at at least achieving relative normalization of bilateral relations, "that's the reality." (3) She said on November 5 that there has been no real progress in Russia-US relations: there has been no progress on issues of Russian diplomatic property and air traffic. (4) Zakharova said at a briefing that there is no real progress to speak of and no sign of it; there has been no progress on issues such as the return of confiscated Russian diplomatic property and the restoration of air traffic. Nevertheless, the ongoing dialogue with the US at different levels is generally pragmatic.

Pork-related stocks bucked the trend and rose in the morning session, with Bunge Technology hitting the daily limit, and Lihua Co., Muyuan Co., Juxing Agriculture and Animal Husbandry, Dayu Bio-pharmacy and Wens Foodstuff following suit.

MSCI Chairman Henry Fernandez said on Friday that the index provider needs to see South Korea implement the relevant regulatory changes before considering upgrading South Korea to a developed market. Speaking at a conference in Seoul, he said, "I've seen progress in rules and regulations, but we need to see these measures implemented in practice. Therefore, to accelerate this process, we need to work together to get all parties across the finish line."

The Nikkei 225 index just broke through the 57,600.00 mark, and is currently trading at 57,610.25, down 5.68% on the day.

[AMP Economist: Midterm Election May Just Be the Trigger for Market Correction, Too Early to Judge if the Market Has Bottomed Out] (1) AMP Chief Economist and Head of Investment Strategy, Sean Oliver, said that investors are trying to assess the potential impact of a Democratic victory in the midterm elections, but the specific consequences are still unclear. (2) This market volatility reflects concerns about overvaluation of technology stocks and AI-related transactions, making these assets more vulnerable to shocks. (3) Oliver pointed out that these valuation concerns have been accumulating for some time, and the midterm elections may just be the trigger for a market correction. (4) He believes it is too early to judge whether the market has bottomed out; however, as long as the economic outlook is not affected, this decline may be closer to a market correction than a bear market.