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2025-11-03 Monday

2025-11-04

11:24:41

A stunning reversal! OPEC+'s gradual increase in production followed by a sudden halt resolved the 4 million barrel oversupply crisis in one fell swoop? Details>

11:23:57

Standard Chartered CEO: Both the bank and the Hong Kong SAR leadership believe that all transactions will ultimately be settled via blockchain, and all currencies will be digitized.

11:20:58

[Australian Dollar Rises Slightly Against US Dollar, Awaiting RBA Decision] 1. The Australian dollar rose slightly by 0.05% against the US dollar on Monday, with thin trading as investors closely watched the Reserve Bank of Australia's (RBA) interest rate decision due on Tuesday. The market widely expects the central bank to maintain its benchmark interest rate, making the wording of the policy statement a key focus. 2. Positive Australian economic data released today showed signs of recovery: September building permits surged 12.0% month-on-month, significantly exceeding market expectations of 5.0%; household spending rose 0.2% month-on-month and 5.1% year-on-year, demonstrating resilience. Meanwhile, the US dollar index continued its upward trend since October 29, accumulating a gain of 1.2%, mainly due to the weakening of market expectations for a December rate cut caused by internal policy disagreements among Federal Reserve officials. 3. Technically, the Australian dollar maintains its upward trend since October 17, but a new catalyst is needed for a significant breakout. The current Asian trading range is between 0.6538 and 0.6491, with support levels at 0.6440 and 0.6415, and resistance levels at 0.6630 and 0.6707.

11:15:58

HSBC CEO: Our tokenized gold products have achieved “massive adoption” among retail customers in Hong Kong and are now the third largest such product globally.

11:13:00

[The US Dollar May Remain Under Pressure, Expected to Bottom in Early 2026] HSBC Global Investment Research's latest view indicates that the US dollar is likely to remain under pressure due to the Federal Reserve's expected continuation of its interest rate cut cycle, coupled with uncertainty surrounding the selection of the next Fed Chair, and is expected to bottom out in early 2026. The bank's analysis suggests that dollar bears will face multiple tests this week, including a series of speeches from several Fed officials and the upcoming release of key economic activity indicators. The dollar's sensitivity is expected to increase further during this period. According to the schedule, Fed officials will speak in turn this week: Governor Cook will speak on Monday, Bowman on Tuesday, Williams and Musalaim on Thursday, and Vice Chairman Jefferson will speak on Friday. The market will closely watch these officials' statements for potential clues about the policy direction in December. HSBC also emphasizes that the economic data to be released this week is equally crucial. The ISM Manufacturing and Non-Manufacturing Indices released on Monday and Wednesday respectively, as well as the ADP employment report released on Wednesday, are expected to have a significant impact on the dollar's performance in the coming days.

11:09:28

[Liao Min Meets with Michael Elam, Deputy Permanent Under-Secretary of State of the Cabinet Office] On October 29, 2025, Liao Min, Vice Minister of Finance, met with Michael Elam, Deputy Permanent Under-Secretary of State of the Cabinet Office of the United Kingdom, in Beijing. They exchanged in-depth views on cooperation between China and the UK within the G20 financial channel and under the framework of the China-UK Economic and Financial Dialogue. Liao Min stated that China attaches great importance to developing relations with the UK and is willing to strengthen cooperation with the UK based on the principles of mutual respect and mutual benefit, implement the outcomes of the China-UK Economic and Financial Dialogue, and promote the healthy and stable development of China-UK economic relations. China is willing to strengthen communication and coordination with the UK within the G20 framework to prepare for the upcoming G20 Johannesburg Leaders' Summit. Elam stated that the UK is willing to develop a long-term, stable, and pragmatic bilateral relationship with China, strengthen multilateral and bilateral communication and coordination within the G20 and other frameworks, and jointly address global challenges. The UK highly values the important platform role of the China-UK Economic and Financial Dialogue and is willing to strengthen communication and cooperation with China within the dialogue framework to achieve more practical results. (Ministry of Finance)

11:09:07

The Bank of England is likely to slow its rate-cutting pace this week, which began last year, and will probably keep current rates unchanged at its policy meeting on Thursday. This would be the first pause since its policy shift, although recent weaker inflation and wage data have prompted some analysts to expect another rate cut. The Bank of England's last action was in August, when it decided to cut rates by 25 basis points to 4% by a narrow 5-4 majority. Since then, Governor Bailey has stated that the previous pace of "one rate cut per quarter" has become more uncertain. However, September data showed that inflation did not rebound as expected, while wage growth slowed and unemployment rose, reigniting market expectations for a rate cut in November. Currently, financial markets believe there is about a one-in-three chance of a rate cut at this meeting. This expectation has also led institutions such as Goldman Sachs to change their stance and predict action in November. However, most economists surveyed still expect the central bank to remain on hold until 2026. ING economist James Smith predicts that this meeting will again result in a 5-4 split, but the result will be to keep rates unchanged. He believes that whether action will be taken in December remains uncertain, and will depend in part on the budget announced by Chancellor Reeves on November 26. Nomura economist George Buckley also acknowledges the complexity of the decision-making process, but he expects the meeting to pass a rate cut by a 5-4 vote, with President Bailey and two vice presidents likely joining the two external committee members who have previously voted in favor of rate cuts.

11:08:25

The main rebar futures contract fell 1.03% intraday, closing at 3077 yuan/ton.

11:06:55

[China Computing Power Platform (Shandong) and China Computing Valley Artificial Intelligence Public Service Platform Officially Launched] On October 31, the ASEAN+China-Japan-Korea Artificial Intelligence Industry Development Forum was successfully held in Jinan, Shandong. At the forum, the China Computing Power Platform (Shandong) and the China Computing Valley Artificial Intelligence Public Service Platform were officially launched. (China Academy of Information and Communications Technology)

11:02:25

Spot gold has just broken through the $4,010.00/ounce mark, and is currently trading at $4,010.37/ounce, up 0.19% on the day; COMEX gold futures are currently trading at $4,021.30/ounce, up 0.62% on the day.

11:02:13

RMB SHIBOR (Shanghai Interbank Offered Rate): Latest data as of November 3, 2025 shows that rates have decreased over 7 periods, while remaining unchanged over 1 period. The overnight SHIBOR was 1.316%, down 0.5 basis points. The largest change was seen in the 2-week SHIBOR, down 7.9 basis points. (For details on SHIBOR and changes over the past ten working days, please refer to the chart created by FX678). Other periods show: 1-week SHIBOR at 1.412%, down 2.7 basis points; 2-week SHIBOR at 1.469%, down 7.9 basis points; 1-month SHIBOR at 1.546%, down 0.1 basis points; 3-month SHIBOR at 1.595%, down 0.1 basis points; 6-month SHIBOR at 1.633%, down 0.4 basis points; and 9-month SHIBOR at 1.656%, unchanged. The one-year Shibor rate was 1.664%, down 0.3 basis points.

10:58:48

Sources say Indian law enforcement has seized more than 40 assets belonging to the Ambani Group, worth over 30 billion rupees.

10:58:38

[Minister of Industry and Information Technology Li Lecheng: Promote the replacement of consumer terminals such as AI mobile phones and AI computers, and accelerate the research and application of new-generation intelligent terminals such as humanoid robots and brain-computer interfaces] Minister Li Lecheng of the Ministry of Industry and Information Technology published an article entitled "Accelerating the Promotion of Artificial Intelligence Empowering New Industrialization" in the magazine *Party Building*. Li Lecheng stated that the Ministry will deeply implement the "Artificial Intelligence + Manufacturing" strategy. Manufacturing is the foundation of a nation and the basis for its strength, and it is the main battlefield for the application of artificial intelligence. The Ministry will improve the policy system, study and issue implementation opinions on the "Artificial Intelligence + Manufacturing" special action, deploy intelligent transformation tasks for key industries, key links, and key areas, and release and implement guidelines for the application of artificial intelligence in manufacturing enterprises. The Ministry will accelerate the intelligent transformation of key industries, formulate guidelines for the intelligent transformation of key manufacturing industries, regularly carry out "deep empowerment" activities, and build online and offline supply and demand matching platforms. The Ministry will promote the intelligent upgrading of the entire manufacturing process, deeply embed artificial intelligence technology into the core links of production and manufacturing, and expand application scenarios such as intelligent assisted design, virtual simulation, and fault early warning. Accelerate the replacement of consumer terminals such as AI smartphones and AI computers, expedite the research and development and application of next-generation intelligent terminals such as humanoid robots and brain-computer interfaces, and promote the deep integration of large-scale models with intelligent connected new energy vehicles, CNC machine tools, and other technologies. Expedite the design, development, testing, and deployment of intelligent agents, and explore a multi-agent collaborative ecosystem.

10:53:24

The FTSE China A50 Index futures have just broken through the 15300.00 mark, currently trading at 15301.00, up 0.33% on the day.

10:51:08

According to the Wall Street Journal: Warren Buffett will release a letter to his children and shareholders, and the annual shareholder letter will be handed over to Abel.

10:50:07

[Li Lecheng: Accelerating the Promotion of Artificial Intelligence Empowering New Industrialization] Li Lecheng, Secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology (MIIT), clearly pointed out in an article published in the magazine *Party Building* that, "Faced with the rapid evolution of next-generation artificial intelligence technology, we must fully leverage the advantages of the new national system, adhere to self-reliance and self-strengthening, emphasize application orientation, and promote the healthy and orderly development of artificial intelligence in my country in a beneficial, safe, and fair direction." The MIIT has thoroughly studied and implemented the spirit of General Secretary Xi Jinping's important instructions and directives on the development of artificial intelligence, resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, firmly grasped the major opportunity of artificial intelligence empowering new industrialization, systematically promoted the innovation and application of artificial intelligence industries, and built a strong material and technological foundation for Chinese-style modernization. (MIIT)

10:42:04

Interest rate cuts come to an abrupt halt! The Bank of England and the Federal Reserve part ways, putting sterling bulls to the test. Details>

10:41:39

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority: Hong Kong's total spending on technology investment is expected to reach HK$100 billion annually over the next three years.

10:35:12

Meituan today announced a further upgrade to its LongCat-Flash series, officially releasing and open-sourcing LongCat-Flash-Omni. In addition, Meituan stated that the official LongCat App is now officially released, supporting online search and enabling voice calls.

10:35:00

[Price Monitoring Center Holds Expert Symposium on Natural Gas Supply, Demand, and Price Situation for the 2025-26 Heating Season] On October 28th, the Price Monitoring Center held an expert symposium, inviting experts from 13 relevant institutions and enterprises, including the National Pipeline Network, PetroChina, Sinopec, Shanghai Petroleum and Natural Gas Exchange, Chongqing Petroleum and Natural Gas Exchange, information agencies, and gas companies, to jointly study the natural gas supply and demand situation for this heating season and future price trends. Deputy Director Liu Gang chaired the meeting and delivered a speech. Deputy Director Liu Gang pointed out that the National Development and Reform Commission (NDRC) attaches great importance to changes in natural gas supply, demand, and prices, and that natural gas price monitoring plays an important role in stabilizing market prices and providing early warnings of price anomalies. Currently, the supply and demand environment for this heating season is relatively relaxed compared to last year, but based on expert opinions, there are also some issues that warrant attention. At the meeting, experts shared their views on the natural gas supply and demand situation and price trends for this heating season from different perspectives, and offered targeted opinions on how to ensure supply and stabilize prices in the short and medium term. (NDRC Price Monitoring Center)

10:34:02

A chart showing the latest China Cotton Price Index (CC Index) data (November 3, 2025): The 3128B cotton price index was 14,859 yuan/ton (3128B is the benchmark for cotton futures delivery recognized by the Zhengzhou Commodity Exchange), down 1 yuan/ton, or 0.01%. The 2227B cotton price index was 13,044 yuan/ton, up 7 yuan/ton, or 0.05%, and the 2129B cotton price index was 15,137 yuan/ton, up 7 yuan/ton, or 0.05%. FX678's specially created chart provides a summary of the latest 30 trading days of the China Cotton Price Index (CC Index). (The China Cotton Price Index is published once per trading day, quoting prices in three denominations: 3128B, 2227B, and 2129B. The Zhengzhou Commodity Exchange (ZCE) stipulates that the benchmark delivery commodity for cotton futures is domestic cotton of '3128B' grade. The spot market cotton transaction price needs to be converted to the price of 3128B cotton using a specific formula. For example, research reports will state the price of cotton from a certain origin, and then calculate its equivalent price in 3128B.)

10:30:11

The Shenzhen Component Index has just broken through the 13200.00 mark and is currently trading at 13199.75, down 1.33% on the day.

10:28:32

[Hong Kong Chief Executive John Lee: Encouraging More Investors to Enter the Fintech Sector] In his opening address at the Hong Kong Fintech Week, Hong Kong Chief Executive John Lee stated that Hong Kong currently has over 1,200 fintech companies, a 10% increase from last year. He projected that by 2032, the total revenue of Hong Kong's fintech industry will exceed US$600 billion, with an annual growth rate exceeding 28%. The Hong Kong SAR government plans to relax restrictions to encourage more investors to enter the fintech sector.

10:28:11

Spot platinum has just broken through the $1580.00/ounce mark, and is currently trading at $1579.81/ounce, down 1.22% on the day; Nymex platinum futures are currently trading at $1584.4/ounce, up 0.57% on the day.

10:21:56

[National Standard for Commercial Cleaning Robots Released] Recently, the State Administration for Market Regulation approved and released the national standard "Commercial Cleaning Robots" (GB/T46495—2025), which will officially come into effect on May 1, 2026. This standard covers cleaning robots used in commercial environments such as shopping malls, hotels, office buildings, and underground parking garages. By clarifying technical requirements for cleaning performance, motion performance, and health and safety, it standardizes product design and production, comprehensively improving the product quality and actual user experience of commercial cleaning robots.

10:21:20

Spot platinum has just broken through the $1590.00/ounce mark, and is currently trading at $1590.20/ounce, down 0.57% on the day; Nymex platinum futures are currently trading at $1585.1/ounce, up 0.62% on the day.

10:21:05

【Short-term trading advice for spot gold: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: Federal Reserve officials opposed a December rate cut, market expectations for a rate cut cooled down, the strengthening of the US dollar index suppressed gold prices, but the US government shutdown still brought some uncertainty. In terms of geopolitics, the easing of global trade sentiment and the easing of the Russia-Ukraine conflict have weakened the safe-haven demand for gold, but the situation in the Middle East still has a certain supporting effect. In addition, the central bank's net purchase of gold in the first three quarters of 2025 reached 902 tons, providing long-term support for gold. From a technical point of view, it is still in the overbought correction in the short term, and before the adjustment is over, the possibility of further decline cannot be ruled out. (2) Key focus: safe-haven sentiment, US dollar index, US Treasury yield, (3) Resistance: 4000, 4030, 4060 (4) Support: 3980, 3950, 3920;

10:21:01

【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: OPEC+ decided to continue to increase production by 137,000 barrels per day in December, but will suspend production increases in the first quarter of 2026. US crude oil production will remain high, the total number of oil rigs will decline slightly, and the actual impact of sanctions on Russia will be limited. Meanwhile, the Kuwait Zour refinery is about to restart its equipment, so overall supply pressure remains. On the demand side, US refined oil demand first fell and then rose in October, and is currently recovering slightly. However, there is a seasonal decline expected in November. Overall, in the short term, oil prices are supported by factors such as OPEC+ suspending production increases, low inventory, and geopolitics. However, in the medium term, due to the unchanged oversupply situation and weak demand, the upside potential of oil prices is limited. Technically, it is close to a dense resistance zone. In the short term, it will maintain range-bound fluctuations and wait for a directional choice. (2) Key focus: geopolitical situation, trade sentiment, US dollar index (3) Resistance: 61.50, 61.80, 62.30 (4) Support: 61.00, 60.50, 60.00

10:15:38

[Central and Western Regions Accelerate Foreign Trade Development by Building a Major Eurasian Logistics Corridor] Data shows that in the first three quarters of this year, the central region's imports and exports reached 2.84 trillion yuan, a record high, representing a year-on-year increase of 11.4%, 7.4 percentage points higher than the national growth rate, achieving positive growth for 16 consecutive months. Imports and exports to countries participating in the Belt and Road Initiative reached 1.5 trillion yuan, an increase of 14.5%, accounting for over half of the central region's total foreign trade during the same period. Li Jing, director of the Port Supervision Department of Wuhan Customs, stated that since the beginning of this year, the central region has relied on the "Air Silk Road," China-Europe freight trains, and cross-border road transport to upgrade its transportation channels, creating a diversified logistics corridor connecting Eurasia and propelling the inland region, which is neither coastal nor bordering other countries, to become a new highland for opening up to the outside world. (CCTV News)

10:15:35

CITIC Securities Futures: Optimism weakens, copper prices fluctuate and correct. Details>

10:13:07

[Ministry of Commerce: Accelerating the Cultivation of New "Digital + Service" Business Forms and Models] At a press conference held by the State Council Information Office, Vice Minister of Commerce Sheng Qiuping stated that the Ministry of Commerce will accelerate the cultivation of new "digital + service" business forms and models, vigorously develop digital life services, digital cultural services, and digital health services, and promote the deep integration of digital technology and service consumption to better unleash the potential of service consumption. Sheng Qiuping explained that the Ministry of Commerce will accelerate the cultivation of new "digital + service" business forms and models, vigorously develop digital life services, digital cultural services, and digital health services, and promote the deep integration of digital technology and service consumption to better unleash the potential of service consumption. (Ministry of Commerce)

10:11:36

[ICBC: Announcement Regarding the Suspension of Applications for Certain Ruyi Gold Accumulation Services] ICBC issued an announcement today stating that, due to the impact of macroeconomic policies and in accordance with relevant risk management requirements, starting November 3, 2025, ICBC will suspend accepting applications for account opening, active accumulation, new fixed-term accumulation plans, and physical withdrawals for Ruyi Gold Accumulation services. The execution, redemption, and account closure of existing customers' valid fixed-term accumulation plans will not be affected. Please refer to subsequent announcements regarding the resumption of related services.

10:08:29

[ING: South Korean Exports Still Poised for Growth Next Year; 2026 GDP Forecast Raised] ING senior economist Min Joo Kang wrote in a report that despite expected slowdowns in US demand, South Korean exports are still expected to grow next year. The tariff reduction agreement reached between South Korea and the US last week may help alleviate pressure on South Korean auto exports. Kang is optimistic that major South Korean chipmakers have already secured orders for 2026, while also noting that South Korean shipbuilders have consistently received substantial orders in recent years. Based on a more optimistic outlook for exports and domestic demand, ING has raised its 2026 GDP growth forecast for South Korea from 1.8% to 2.0%.

10:05:44

Crude oil trading alert: Oversupply concerns limit oil price gains; short-term price action is expected to remain range-bound. Details>

10:05:21

[National Immigration Administration: Five More Ports in Guangdong Province Added to the 240-Hour Visa-Free Transit Policy] The National Immigration Administration today released 10 immigration and entry-exit management service policy measures. Starting November 5, 2025, five more ports in Guangzhou—Pazhou Passenger Port, Hengqin, Hong Kong-Zhuhai-Macau Bridge, Zhongshan Port, and the West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link—will be added to the 240-hour visa-free transit policy, increasing the total number of ports of entry eligible for the policy from 60 to 65.

10:04:56

[Analyst: RBA Likely to Hold Rates Steady; High House Prices and Weak Employment Complicate Outlook] Analyst James Glynn stated that the Reserve Bank of Australia (RBA) faces a series of worrying economic data this week. Given the increasingly complex economic outlook, the bank is almost certain to keep the cash rate unchanged at 3.60% on Tuesday. It is expected to signal that further rate cuts will not be reconsidered until next year. Last week's third-quarter inflation data almost completely eliminated market expectations of another rate cut at this week's meeting, with some economists even completely ruling out further cuts. Inflationary pressures remain widespread, and some analysts believe that the relatively controlled price increases in recent quarters have been due to government subsidies artificially suppressing electricity prices to some extent. More worryingly, core inflation has returned to the upper limit of the RBA's 2% to 3% target range. Furthermore, national house prices rose at their fastest pace in over two years in October. However, the recent significant rise in the unemployment rate complicates the situation further. But given the signs of a moderate economic recovery this year, the weakness in the labor market may currently be considered a secondary issue.

10:04:17

[National Immigration Administration: Expanding the Scope of Ports Eligible for 24-Hour Direct Transit Without Inspection] The National Immigration Administration today released 10 immigration and entry-exit management service policy measures. Starting November 5, 2025, the 24-hour direct transit without entry-exit border inspection measures will be replicated and promoted at 10 international airports: Tianjin Binhai International Airport, Dalian Zhoushuizi International Airport, Nanjing Lukou International Airport, Fuzhou Changle International Airport, Qingdao Jiaodong International Airport, Wuhan Tianhe International Airport, Nanning Wuxu International Airport, Haikou Meilan International Airport, Chongqing Jiangbei International Airport, and Kunming Changshui International Airport. Passengers holding international connecting tickets within 24 hours who are transiting through any of the above airports directly to a third country or region without leaving the airport will be exempt from entry-exit border inspection procedures.

10:02:53

[Li Qiang to Attend Opening Ceremony and Related Activities of the 8th China International Import Expo] Ministry of Commerce spokesperson He Yadong announced that the 8th China International Import Expo will be held in Shanghai from November 5th to 10th. Premier Li Qiang will attend the opening ceremony and related activities and deliver a keynote speech. (Xinhua)

10:01:12

[Ten Major Policies Released, Including those Concerning Travel Between Hong Kong, Macao, and Taiwan and Expansion of Visa-Free Transit Ports] To actively serve and promote high-level opening-up and high-quality development, the National Immigration Administration today released 10 immigration and entry-exit management service policies and measures. Starting November 5, 2025, in addition to the existing policies in Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area, the policy on talent endorsements for travel to Hong Kong and Macao will be implemented throughout the Yangtze River Delta, the Beijing-Tianjin-Hebei region, and all free trade zones nationwide. (CCTV News)

10:00:35

Data from Thailand's Ministry of Finance shows that as of the end of September, Thailand's public debt as a percentage of GDP was 64.82% (compared to 64.60% at the end of August).

09:58:53

[Ministry of Industry and Information Technology: By 2027, a number of leading water-saving equipment enterprises and manufacturing single-item champions, as well as specialized and innovative "little giant" enterprises will be cultivated] The Ministry of Industry and Information Technology issued a notice on the "Implementation Plan for High-Quality Development of Water-Saving Equipment (2025-2030)," which states that by 2027, breakthroughs will be achieved in water-saving equipment for key areas such as water supply, water use, and recycling. A number of core technologies with independent intellectual property rights will be mastered, and technologies and equipment such as efficient circulating cooling, high-end membrane separation, and intelligent water management will be industrialized. The water-saving equipment standard system will be further improved, and a number of leading water-saving equipment enterprises and manufacturing single-item champions, as well as specialized and innovative "little giant" enterprises, will be cultivated. The establishment of a pilot-scale platform for water-saving equipment will be promoted, forming a good ecosystem for the coordinated development of large, medium, and small enterprises and the upstream, midstream, and downstream of the industrial chain. By 2030, a comprehensive and technologically advanced water-saving equipment system will be built, the supply capacity of high-performance, high-efficiency, and high-reliability water-saving equipment will be continuously enhanced, and the manufacturing of water-saving equipment will reach the world's advanced level.

09:58:05

[Iranian Foreign Minister Denies Information Exchange on US-Iranian Nuclear Negotiations] Iranian Foreign Minister Abbas Araqchi, in an interview with Al Jazeera, denied exchanging information with the United States in Oman regarding nuclear negotiations. Araqchi's remarks were posted on his Telegram channel. Araqchi stated, "This visit (to Oman by Iranian Deputy Foreign Minister Majid Takht-Ravanchi) had nothing to do with the United States, and the two sides did not exchange any information on this matter." The Iranian Foreign Minister pointed out that the diplomat's visit concerned bilateral relations between Iran and Oman, as well as regional issues. Previously, Iranian government spokesperson Fatima Mohajrani stated that the Iranian Foreign Ministry had received a letter proposing the resumption of negotiations on Iran's nuclear program.

09:56:57

[National Marine Forecasting Center Continues to Issue Blue Wave Warning] The Ministry of Natural Resources announced that the National Marine Forecasting Center continued to issue a blue wave warning this morning in accordance with the "Marine Disaster Emergency Plan." Affected by cold air, it is expected that from the morning of November 3rd to the morning of November 4th, the southern East China Sea, the Taiwan Strait, and the northern and central South China Sea will experience large to giant waves of 3 to 4.5 meters; the coastal waters of Fujian will experience moderate to large waves of 2 to 3.3 meters. The wave warning level for coastal waters is blue. (CCTV)

09:53:13

The Philippine stock market fell 2.8% to 5,761.32 points, its lowest level since October 3, 2022.

09:49:07

[Mass Recall! International Automaker Announces Vehicle Recall in Canada] According to a report by the Toronto Star on November 1st, Transportation Canada announced that Toyota Motor Corporation is recalling 99,178 vehicles in Canada, affecting more than 30 models, including Lexus, due to a software issue that may cause the rearview camera to malfunction in certain situations. (CCTV)

09:45:01

China's SPGI Manufacturing PMI for October

Previous : 51.20 Forecast : 50.90

金银石油

Published Value 50.60

09:43:13

[Value Added of Electronic Information Manufacturing Industry Above Designated Size Increased by 10.9% Year-on-Year in the First Three Quarters] The Ministry of Industry and Information Technology (MIIT) recently released data on the operation of the electronic information manufacturing industry in the first three quarters. The data shows that in the first three quarters, my country's electronic information manufacturing industry experienced rapid production growth, stable exports, steady profit growth, and a slight decline in investment, indicating a generally positive development trend. In the first three quarters, the value added of the electronic information manufacturing industry above designated size increased by 10.9% year-on-year, 4.7 and 1.3 percentage points higher than the growth rates of the overall industrial and high-tech manufacturing industries, respectively. In September, the value added of the electronic information manufacturing industry above designated size increased by 11.3% year-on-year. Among major products, mobile phone production reached 1.11 billion units, a year-on-year decrease of 4.8%, of which smartphone production reached 881 million units, a year-on-year increase of 1%; microcomputer equipment production reached 251 million units, remaining flat year-on-year; and integrated circuit production reached 381.9 billion units, a year-on-year increase of 8.6%. (MIIT)

09:41:36

Sources say Indian oil company Bharat Petroleum has purchased 2 million barrels of Upper Zakum crude oil through a tender for December shipment.

09:41:35

The FTSE China A50 Index futures have just broken through the 15200.00 mark, currently trading at 15199.00, down 0.34% on the day.

09:40:49

[US President Trump says the Ukraine conflict was started by former US President Joe Biden] In an interview with CBS's "60 Minutes," Trump said, "If I were president, this war would never have happened... This is Joe Biden's war, not mine. I took over this stupid war, the bloodiest ground war in Europe since World War II."

09:36:48

[USD/JPY Fluctuates at High Levels as Market Digests Fed Rate Cut Expectations] 1. During Monday's Asian session, USD/JPY fluctuated at high levels, currently trading around 154.10, not far from the over eight-month high of 154.44 reached last week. Although market expectations for a Fed rate cut in December remain, recent hawkish signals from several Fed officials have raised doubts among investors about the timing of the rate cut, providing some support for the dollar. 2. Data from the interest rate futures market shows that traders currently expect a 68% probability of a Fed rate cut in December, a significant drop from 93% a week ago. This change reflects a clear division within the Fed regarding whether to initiate a rate cut in December, weakening the previous one-sided market expectation of an imminent easing policy. 3. Meanwhile, Bank of Japan Governor Kazuo Ueda's recent statements on future rate hikes have become more cautious, softening his hawkish stance and putting pressure on the yen. Although the Bank of Japan hinted at the possibility of a rate hike in the short term and stated that it would monitor wage growth and the yen's exchange rate to determine the timing, this expectation did not provide effective support for the yen. 4. From a technical perspective, the USD/JPY pair faces resistance in the 154.40-45 range, while support levels are seen at 153.65 and 153.25-30. With the Japanese market closed for a holiday, the pair fluctuated between 153.95 and 154.24 during the Asian trading session. Market analysts believe that verbal intervention by Japanese authorities may temporarily slow the dollar's rise, but is unlikely to fundamentally reverse the current trend.

09:36:42

[Job Advertisements in Australia Have Declined for Six of the Past Seven Months] Australia's job market continues to show signs of weakness, with job advertisements falling 2.2% month-on-month in October, marking the fourth consecutive month of decline. The September figure was also significantly revised down to a 3.5% decline. Data shows that job advertisements have declined for six of the past seven months, with the year-on-year decline in October widening sharply to 7.4% from 4.4% in September. This trend corroborates recent official employment data – the unemployment rate unexpectedly rose to 4.5% in September. Although ANZ economists believe the actual slowdown in the labor market may be less severe than the unemployment rate suggests, weak hiring complicates policymaking. The market widely expects the Reserve Bank of Australia to keep interest rates unchanged at this week's meeting, given signs of inflationary pressures in the third quarter and core inflation approaching the upper limit of the 2%-3% target range. Recent statements by RBA Governor Michel Block also indicate that the authorities are closely monitoring the labor market's development in a "near-balanced" state.

09:35:22

[Poll: Americans Don't Want US Military Participation in Gaza Peacekeeping Operations] A poll conducted by NBC News shows that a majority of Americans oppose US military participation in peacekeeping operations in the Gaza Strip. The survey results show that 54% of respondents oppose US military participation in peacekeeping operations in Gaza, while 41% support the idea. Furthermore, the survey shows that Americans' views on President Donald Trump's actions to resolve the Israeli-Palestinian conflict are almost evenly divided, with 47% in favor and 48% against.

09:33:56

Hong Kong Chief Executive John Lee: Hong Kong will establish a "Bond Connect" link with Switzerland and the UAE.

09:33:10

A-share natural gas concept stocks rallied in early trading, with Baichuan Energy hitting the daily limit, and Jiuli Special Materials, Zhiyuan New Energy, Zhongman Petroleum, Baomo Shares, Anhui Anhui High-Tech, and Huibopu following suit.

09:31:32

US President Trump: I think Venezuelan President Maduro's days are numbered.

09:31:05

Spot gold has just broken through the $4,000.00/ounce mark, last trading at $4,000.08/ounce, down 0.07% on the day; COMEX gold futures are last trading at $4,009.70/ounce, up 0.33% on the day.

09:30:45

US President Trump: I believe we will successfully end the Russia-Ukraine conflict.

09:30:37

[Low Likelihood of Typhoon Hagupit Making Landfall in my country] Although the peak typhoon season has passed, Typhoon Hagupit, the 25th typhoon of the year, formed just last weekend and has been steadily intensifying. At 5:00 AM today (August 3), the center of Hagupit was located at 10.9 degrees North latitude and 128.9 degrees East longitude, with an intensity level of a severe tropical storm. It is expected that Hagupit will move westward at a speed of 15-20 kilometers per hour, gradually intensifying. Tonight and tomorrow, Hagupit will cross the Philippines and enter the South China Sea. From August 5 to 7, it is necessary to be vigilant about the significant wind and rain it will bring to the Sansha area of Hainan. Subsequently, Hagupit will gradually move towards the coast of Vietnam, and the possibility of it making landfall in my country is low. (CCTV)

09:29:30

A summary of CNY HIBOR (Hong Kong Interbank Offered Rate) and its changes: According to FX678, on November 3, 2025, most CNY HIBOR rates across different periods declined (as shown in the table, rates decreased in 8 periods). The largest change was in the overnight CNY HIBOR rate: a decrease of 20 basis points. As shown in the updated data, the overnight onshore CNY HIBOR was 1.24%, down 20 basis points; the 1-week rate was 1.50%, down 6 basis points; the 2-week rate was 1.50%, down 9 basis points; the 1-month rate was 1.60%, down 8 basis points; the 2-month rate was 1.66%, down 4 basis points; the 3-month rate was 1.71%, down 1 basis point; the 6-month rate was 1.79%, down 1 basis point; the 9-month rate was 1.85%, down 1 basis point; and the 1-year onshore CNY HIBOR was 1.92%, up 1 basis point. BP = basis points

09:29:03

[North American October Box Office May Hit 27-Year Low] According to Variety on November 1, no film is expected to gross over $10 million in North America this weekend (October 31-November 2), the first time this has happened since March of this year. The Hollywood Reporter, citing data from ComScore, predicts that total North American box office revenue in October 2025 will be approximately $425 million, marking the worst performance in 27 years (excluding the 2020 pandemic period).

09:25:14

The Shanghai Composite Index opened at 3954.08 points, down 0.02%; the CSI 300 Index opened at 4636.73 points, down 0.08%; the Shenzhen Component Index opened at 13364.42 points, down 0.10%; the ChiNext Index opened at 3179.30 points, down 0.26%; and the SME Composite Index opened at 14372.99 points, up 0.09%.

09:24:13

A further 25 basis point rate cut in December is unlikely! Federal Reserve hawks have spoken out en masse, with several key figures criticizing the rate cut as premature. Details>

09:23:55

US President Trump: We will conduct nuclear tests because I don't want us to be the only country that doesn't.

09:23:33

[MIIT Announces List of the First Twelve Batch of Enterprises Currently Meeting the "Photovoltaic Manufacturing Industry Standard Conditions"] In accordance with the provisions of the "Photovoltaic Manufacturing Industry Standard Conditions (2024 Edition)" and the "Administrative Measures for the Announcement of Photovoltaic Manufacturing Industry Standards (2024 Edition)," and following procedures including enterprise self-inspection reports, local review, expert evaluation, on-site verification, local re-verification, and online public announcement, the MIIT hereby announces the list of the first twelve batches of enterprises currently meeting the "Photovoltaic Manufacturing Industry Standard Conditions," as well as information on changes to photovoltaic manufacturing industry standard enterprises, totaling 129 companies.

09:23:05

US President Trump: I don't think we will go to war with Venezuela.

09:21:13

The People's Bank of China conducted 78.3 billion yuan of 7-day reverse repurchase operations today, with an interest rate of 1.40% (the same as the previous rate).

09:20:14

US President Trump: Will “participate” in Israeli Prime Minister Netanyahu's trial

09:19:59

[Indonesia's Consumer Sector Recovery Remains Solid] A report by UOB Kay Hian analysts points out that the sector's performance visibility remains clear by the end of the year. Recent retail surveys by the Bank of Indonesia indicate that November retail sales are expected to rebound, and the brokerage's on-site investigations also confirm that business sentiment had actually improved in early October. Analysts specifically mention that since Purbayar Yudi Sadeva took office as the new Finance Minister in September, his pro-growth and consultative policies have effectively boosted market confidence. However, the report also emphasizes that whether Indonesia's consumer sector can maintain its positive momentum in 2026 still depends on key factors such as a clearer macroeconomic outlook.

09:19:08

US President Trump: (When asked if he would seek a third term) I haven't even considered it. It's too early. I like Vance and Rubio.

09:16:23

Spot platinum has just broken through the $1580.00/oz mark, currently trading at $1580.51/oz, down 1.17% on the day; Nymex platinum futures are currently trading at $1575.3/oz, down 0.01% on the day; Spot gold has just broken through the $3990.00/oz mark, currently trading at $3990.05/oz, down 0.32% on the day; COMEX gold futures are currently trading at $3999.50/oz, up 0.08% on the day.

09:15:55

On November 3, the central parity rate of the RMB in the interbank foreign exchange market was as follows (1/2): The Swiss Franc was quoted at 8.8214 against the RMB, down 347.00 points; the US Dollar was quoted at 7.0867 against the RMB, down 13.00 points; the Euro was quoted at 8.1845 against the RMB, down 293.01 points; 100 Japanese Yen was quoted at 4.6083 against the RMB, down 20.00 points; the Hong Kong Dollar was quoted at 0.9118 against the RMB, down 5.20 points; the British Pound was quoted at 9.3264 against the RMB, down 150.00 points; the Australian Dollar was quoted at 4.6486 against the RMB, down 75.00 points; the New Zealand Dollar was quoted at 4.0660 against the RMB, down 129.00 points; and the Singapore Dollar was quoted at 5.4545 against the RMB, down 70.00 points. The Canadian dollar was quoted at 5.0655 against the Chinese yuan, down 135.00 points; the yuan was quoted at 0.5905 against the Malaysian ringgit, down 6.40 points; and the yuan was quoted at 11.3129 against the Russian ruble, up 485.00 points.

09:15:54

On November 3, the central parity rate of the RMB in the interbank foreign exchange market was as follows (2/2): RMB/South African Rand: 2.4400, up 49.00 points; RMB/Korean Won: 201.2700, up 7.00 points; RMB/UAE Dirham: 0.5172, up 0.60 points; RMB/Saudi Riyal: 0.5281, up 1.40 points; RMB/Hungarian Forint: 47.3882, up 924.00 points; RMB/Polish Złoty: 0.5197, up 31.00 points; RMB/Danish Krone: 0.9123, up 31.00 points; RMB/Swedish Krone: 1.3369, up 79.00 points; RMB/Norwegian Krone: 1.4252, up 99.00 points. The yuan was quoted at 5.9215 against the Turkish lira, up 48.60 points; the yuan was quoted at 2.6154 against the Mexican peso, up 42.00 points; and the yuan was quoted at 4.5614 against the Thai baht, up 130.00 points.

09:15:34

The central parity rate of the US dollar against the Chinese yuan was quoted at 7.0867 today, down 13.00 points from 7.0880 in the previous trading day; the US dollar closed at 7.1200 against the onshore yuan yesterday, and the US dollar closed at 7.1215 against the offshore yuan yesterday.

09:15:11

The Ministry of Commerce will hold a press conference at 3:00 PM on Thursday, November 6, 2025, where a spokesperson will introduce key recent work in the commercial field and answer questions from reporters.

09:14:57

US Department of Defense: Preparing for Action Against Nigeria

09:14:45

[Obama Calls on Democrats to Fight Back Against Trump's "Lawlessness and Recklessness"] Former US President Barack Obama attended campaign rallies in Virginia and New Jersey on Saturday, campaigning for Democratic gubernatorial candidates and delivering a scathing critique of the Trump administration in his speeches. At a rally in Norfolk, Virginia, Obama stated bluntly, "Our country and our policies are in a dark place," condemning the White House's daily displays of "lawlessness, recklessness, and utter madness." He specifically criticized Trump's tariff policies and domestic military deployments, while also criticizing congressional Republicans for failing to effectively restrain the president's behavior and expressing surprise at the rapid "kneeling" of business leaders and academic institutions in pandering to Trump. That evening, at a campaign event in Newark, New Jersey, Obama continued his criticism of the White House, using the metaphor of "every day is Halloween, but there are only pranks and no candy," and satirizing Trump for continuing White House renovations during the government shutdown. Current polls show that Democratic candidate Spanberg maintains a significant lead in Virginia, while the gap between his Republican opponent and his supporter, Sherrell, in New Jersey remains in single digits. It is worth noting that although New Jersey is a traditionally blue state, the race has been narrowing in recent years, with the Republican Party steadily closing the gap in local elections, making this election a focus of attention.

09:12:08

Goldman Sachs: China's Stock Market Entering a Growth Phase, A-Shares and H-Shares Could Yield 30% by End of Next Year. Goldman Sachs' China equity strategist, Fu Si, believes that the Chinese stock market is entering a growth phase overall, with three potentially strong profit drivers—AI, anti-involution, and overseas expansion—boosting the earnings prospects of Chinese companies. The bank predicts that the A-share and H-share indices could achieve a potential return of approximately 30% by the end of 2027, driven by a 12% CAGR in profits and a 5% to 10% potential for price-to-earnings ratio expansion. This year, Chinese technology stocks have surged, particularly AI-themed stocks. Fu Si stated that this was mainly due to improved expectations, with valuations rising driven by improved sentiment. Currently, valuations in technology-related sectors remain attractive. Next year, the focus may be more on fundamental improvements, requiring better earnings realization to support valuation increases.

09:09:59

Pentagon chief Peter Hegses said the United States hopes to deepen its military cooperation with Vietnam.

09:07:15

[Rainfall Expected in Southern China Over the Next Two Days, Temperatures Rise in Most of Northern China] Over the next two days (November 3rd and 4th), southern China will continue its rainy pattern, with continuous rainfall from the southwest to the Jiangnan region and South China, including some areas experiencing heavy downpours. Significant temperature drops are also expected in many areas. Meanwhile, in the north, most areas will see little rain or snow, and temperatures will rise rapidly. In the coming days, cold air masses will frequently affect my country, coupled with overcast, rainy, and snowy weather, resulting in significant temperature fluctuations across most regions. Yesterday, temperatures in Northeast China, North China, and northern Huanghuai region dropped by 4 to 8 degrees Celsius, with some areas experiencing drops exceeding 10 degrees Celsius. Over the next two days, temperatures in these areas will rise rapidly again. Starting the day after tomorrow, a new wave of cold air will affect my country from west to east, potentially spreading to Xinjiang and parts of Northeast and northern North China in two separate directions. Later, the cold air will move further east and south, bringing cooling to most of central and eastern China. (CCTV News)

09:06:57

The Treasury Secretary is urging a quick interest rate cut, but Powell is putting on the brakes. How long can the dollar continue to rise? Details>

09:06:51

Ireland's S&P Global Manufacturing Purchasing Managers' Index (PMI) for October was 50.9, slowing to its lowest level in 10 months.

09:03:55

[Poll: South Korean President Lee Jae-myung's Approval Rating Has Risen Recently] According to a poll conducted by Realmeter, cited by South Korea's Kyunghyang Shinmun on November 3, South Korean President Lee Jae-myung's approval rating has recently risen to 53%. The survey, conducted from October 27 to 31, showed that the proportion of respondents giving positive evaluations of Lee Jae-myung's performance in office increased by 1.8% compared to the previous month, while the proportion giving negative evaluations decreased by 1.6% to 43.3%. Realmeter analysts believe that the rise in approval rating is mainly due to achievements in the diplomatic field. Meanwhile, a party support survey conducted during the same period showed that the ruling Democratic Party's approval rating was 45.4%, leading the main opposition People Power Party's 37.9%.

09:03:05

[Brent Crude Oil Poised for a Breakout, Key Resistance at $65.50] 1. Technical analysis suggests that Brent crude futures may once again challenge the key resistance level of $65.50 per barrel. A successful break above this level could open up further upside potential, targeting the $65.82 to $66.05 range. 2. Current oil prices have found effective support and stabilized around $64.23, having previously briefly broken through the $65.21 resistance level. The market anticipates that, supported by current momentum, contract prices are likely to continue moving towards the next resistance level of $65.82. 3. From a technical perspective, projection analysis based on the C wave starting from $64.07 shows that $65.50 (the 100% projection level) constitutes a significant obstacle. Only a valid break above this level can confirm the next target of $65.82. 4. On the downside risk side, $64.95 is the nearest support level. If oil prices fall below this level, it could signify the end of this C-wave upward movement, and the market may then turn its attention to the bearish target of $64.23.

09:01:53

[Maldives Becomes First Country in the World to Implement a Generational Smoking Ban] According to a report in the Maldives Independent on November 1st, the Maldives, renowned for its luxury tourism industry, officially implemented a generational smoking ban that day, becoming the first country in the world to implement this policy. Under the new regulations, anyone born on or after January 1, 2007, is prohibited from purchasing or using any tobacco products within the Maldives. This ban applies to both Maldivian citizens and foreign tourists.

09:00:09

The FTSE China A50 Index futures have just broken through the 15300.00 mark, currently trading at 15301.00, up 0.33% on the day.

08:58:38

[OPEC+ Suspends Production Increases, Boosting Market; International Oil Prices Rise] 1. International oil prices rose significantly during Monday's Asian trading session. This increase was mainly due to the latest production decision reached by OPEC+ over the weekend. The organization decided to suspend its planned production increases in the first quarter of next year to address persistent market concerns about oversupply, injecting short-term confidence into the crude oil market. 2. West Texas Intermediate (WTI) crude oil futures are currently up 0.45%, trading around $61.25 per barrel, having earlier touched a high of $61.48. The price rebound reflects the market's positive response to OPEC+'s supply management measures, easing the downward pressure previously caused by weak demand and increased production. 3. Helima Croft, an analyst at RBC Capital Markets, pointed out that OPEC+'s cautious approach in the face of potential weak demand and supply uncertainty in the first quarter is reasonable. She further emphasized that Russian energy supply remains a key variable affecting the global oil market, especially against the backdrop of US sanctions against its oil companies and continued attacks on related energy facilities. 4. Although OPEC+ is attempting to stabilize the market through supply adjustments, multiple factors continue to limit the upside potential of oil prices. Surveys show that most analysts maintain a stable outlook for oil prices in 2025, believing that rising OPEC+ production targets offset weak demand, limiting significant price fluctuations. The current forecast for the average Brent crude oil price in 2025 is $67.99 per barrel. 5. Meanwhile, US oil and gas production reached a record high in August. This data exacerbated market concerns about oversupply and highlighted that while OPEC+ strives to balance the market, the production dynamics of other oil-producing countries also significantly influence oil price trends.

08:57:36

CLSA: Maintains "Outperform" rating on BYD Electronic (00285); Maintains "Outperform" rating on ASMPT (00522)

08:57:04

Dongwu Securities: Maintains "Buy" rating on AIA Group (01299); Maintains "Buy" rating on AIA Group (01299)

08:55:50

Trump said Republicans need to be tougher on the Senate's rules of procedure regarding obstruction.

08:55:38

[Citigroup Maintains "Neutral" Rating on ANZ, Target Price Set at A$37.00] Citigroup analyst Thomas Strong stated that he was not surprised by the potential additional charges in ANZ's second-half financial results forecast. He pointed out that since most of the major projects involving A$1.1 billion were already known to the market, investors are expected to focus primarily on the bank's core business performance and ignore the impact of these one-off items. In a client report, Strong specifically analyzed that the A$285 million impairment charge on PT Panin shares was in line with the performance expectations of that investment project. Meanwhile, the A$68 million charge related to the SunCorp Bank system migration and the A$78 million goodwill impairment were both in line with the bank's previously disclosed strategic planning direction. Citigroup maintains its "Neutral" rating on ANZ, with a target price of A$37.00.

08:53:57

[Moody's: RBA Expected to Hold Rates Steady This Week] Economists at Moody's Analytics said in a report that the Reserve Bank of Australia (RBA) will almost certainly keep its overnight cash rate unchanged at 3.6% on Tuesday amid mounting price pressures. They noted that overall inflation jumped year-on-year to 3.2% in the September quarter from 2.1% in the previous quarter. Cut-off mean inflation, considered a key indicator by the RBA, rose to 3% from 2.7%. They stated that the "narrow path" to bring inflation back to the RBA's 2% to 3% target range without significant job losses is becoming increasingly difficult to discern.

08:51:21

[US Regulators: More Complaints Received About Tesla Door Handles] November 3rd news: US auto safety regulators disclosed that they received more complaints from Tesla consumers in recent days. The National Highway Traffic Safety Administration (NHTSA) sent a letter to Tesla on October 27th regarding an investigation into potential defects in some Tesla door handles. The letter mentioned that owners of the popular Model Y reported low-voltage battery issues causing the exterior door handles to malfunction, sometimes even locking children inside the vehicle. The NHTSA requested information from Tesla regarding the 2021 Model Y under investigation and information about "similar vehicles." The agency requested Tesla to disclose the number of consumer complaints received related to the alleged defect, reports of collisions, fires, and injuries, as well as information on lawsuits and arbitration proceedings related to door opening problems. The NHTSA launched its investigation into this defect on September 15th and received seven more complaints within 10 days of initiating the investigation. According to the letter, Tesla should submit a response to the agency by December 10th.

08:47:00

Emerging Market Sovereign Bond Issuance Reaches Record High in 2025. Emerging market sovereign bond issuance is projected to reach a record high in 2025, exceeding $240 billion and surpassing the peak levels seen during the 2020 pandemic. This strong momentum is primarily driven by large-scale bond issuances in Mexico and Saudi Arabia, while recent issuances of over $5 billion each in Turkey, Slovakia, and Suriname have further boosted the total. Market analysis indicates that a significant rebound in investor enthusiasm for emerging markets is a key factor driving this record-breaking issuance. Compared to the same period last year, the current global interest rate environment is more favorable, and market concerns about political risks have eased, making emerging market countries more inclined to finance through the bond market. Looking ahead, investment bankers expect issuance to expand further. Morgan Stanley analysts point out that several large emerging economies, including China, Brazil, South Africa, and Nigeria, as well as smaller countries with urgent financing needs such as Cameroon and Pakistan, are likely to enter the bond market in the coming months, adding at least another $10 billion to the total issuance.

08:46:13

[New Zealand Prime Minister Laxson: Global Trading System Faces Severe Challenges as Economy and Security are Highly Intertwined] New Zealand Prime Minister Laxson stated that since the outbreak of the pandemic, the global trade environment has undergone significant changes, and the rules-based system that has benefited countries for decades is facing increasingly severe threats. "I think three major shifts are happening," Laxson told reporters at the APEC meeting in South Korea on Saturday. He said, "We are seeing a transition from rules-based to power-based; we are seeing a closer link between the economy and security; and third, we are seeing national-level resilience far outweighing global supply chain interconnectivity. Therefore, there is no doubt that the rules-based system that has worked for the past seven or eight decades is facing challenges." Laxson's remarks echo those of Canadian Prime Minister Mark Carney, who stated at the same meeting that the "old world" of rules-based trade and investment is "no longer there." Both New Zealand and Canada are seeking to strengthen trade and security ties in Asia to counter the protectionist policies of US President Donald Trump, who is rewriting global trade rules.

08:46:02

American semiconductor company KLA is in talks to build a 30 billion rupee research and development center in Chennai, India.

08:38:15

[Altman Denies OpenAI Plans for IPO Next Year] In a podcast interview, OpenAI CEO Altman denied reports that OpenAI plans to go public next year. He stated that there is no specific date for the IPO, and the board has not made any decisions on the matter. "I just feel that things will eventually move in that direction." He also revealed that OpenAI's annual revenue far exceeds the rumored $13 billion.

08:36:19

[Chinese Citizens with Valid Australian Visas Can Enter New Zealand Visa-Free Starting Today] The New Zealand Immigration Service announced on November 3 that, starting today, Chinese passport holders who enter from Australia and hold a valid Australian tourist, work, student, or family visa can enter New Zealand visa-free for a maximum stay of three months. The visa-free policy will be piloted for 12 months. New Zealand Immigration Minister Erica Stanford stated that this move will further promote tourism and trade between China and New Zealand. (CCTV News)

08:31:48

Faraday Future founder and co-CEO Jia Yueting released a weekly investor update: Faraday Future has appointed Chris Nixon Cox as a global strategy advisor to accelerate the global expansion of its "AI + Cryptocurrency" strategy.

08:31:23

Australia's seasonally adjusted annual rate of private building permits for September

Previous : -3.50% Forecast : -

Published Value 0%

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3997.41	-3.75 (-0.09%)
XAG	47.961	-0.098 (-0.20%)
CONC	60.15	-0.90 (-1.47%)
OILC	64.00	-0.81 (-1.26%)
USD	99.923	0.059 (0.06%)
EURUSD	1.1512	-0.0007 (-0.06%)
GBPUSD	1.3071	-0.0069 (-0.52%)
USDCNH	7.1253	0.0009 (0.01%)

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