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2025-10-29 Wednesday

2025-11-04

14:13:12

[He Lifeng: China is Further Deepening Capital Market Reform and Opening Up] He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, stated on the 29th at the Diaoyutai State Guesthouse, during a meeting with members of the International Advisory Committee of the China Securities Regulatory Commission, that China is fully implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, further deepening capital market reform, and unswervingly expanding high-level opening up of the financial sector. He emphasized that China aims to serve its modernization with high-quality financial development and welcomes more foreign financial institutions and long-term capital to invest and operate in China. (CCTV)

14:10:41

The US dollar index rebounded slightly, awaiting the Fed's interest rate decision. Details>

14:09:21

[EU Recommends Ukraine's Participation in Government Satellite Communications Plan] European Commission spokesperson Thomas Renier stated on October 28 that the European Commission has recommended that member states authorize the initiation of negotiations with Ukraine to promote Ukraine's participation in the EU government's satellite communications plan. This plan aims to integrate satellite resources from member states and private operators to build a secure and resilient communications system. Renier stated that this is crucial for Ukraine, and its participation will enhance Europe's space security capabilities at critical moments. Some commentators believe that given the ongoing disagreements within the EU regarding policy towards Ukraine, the future of this plan by the European Commission remains uncertain. (CCTV)

14:08:44

Spot gold has just broken through the $3,970.00/ounce mark, and is currently trading at $3,970.19/ounce, up 0.45% on the day; COMEX gold futures are currently trading at $3,983.70/ounce, up 0.02% on the day.

14:07:49

[Five Departments Including the Ministry of Commerce: Encouraging New Service Consumption Scenarios such as Animation, Games, E-sports, and Sports] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan mentions cultivating outlet malls, brand specialty stores, and discount stores according to local conditions, organically integrating them with tourism routes and the leisure industry to create a hub for high-quality domestic and international brands at all levels. It encourages new business formats such as pop-up stores and boutique shops with distinct themes and characteristics, as well as new service consumption scenarios such as animation, games, e-sports, and sports, fostering "small but beautiful" and "specialized but refined" specialty shops.

14:05:36

Slowing UK food inflation fuels expectations of further policy easing, causing the pound to continue weakening against the dollar. Details>

14:05:27

[Five Departments Including the Ministry of Commerce: Guiding Commercial and Trade Enterprises to Cooperate with E-commerce Companies to Achieve Linkage Between Offline Commercial Venues and Online Platforms Through Instant Retail Models] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan proposes promoting the integrated development of online and offline channels. It guides commercial and trade enterprises to cooperate with e-commerce companies to achieve linkage between offline commercial venues and online platforms through instant retail models, developing models such as platform ordering + store delivery and store ordering + instant delivery. It encourages e-commerce companies to cooperate with express delivery companies to integrate scattered demand orders, develop joint delivery and centralized delivery, promote instant delivery and unmanned delivery, improve precise response capabilities, and utilize urban space to deploy facilities such as pre-positioned warehouses, smart parcel lockers, and comprehensive express delivery service stations to improve last-mile delivery efficiency and service quality.

14:05:08

[Five Departments Including the Ministry of Commerce: Rectifying "Involutionary" Competition and Establishing a Fair, Equal, and Free Business Environment] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan mentions regulating market order. It calls for comprehensively considering the characteristics of different business formats, such as online and offline, and goods and services, to formulate reasonable support policies and regulatory standards, rectify "involutionary" competition, and establish a fair, equal, and free business environment. It also calls for building a new credit-based regulatory mechanism, strengthening intellectual property protection, improving consumer complaint handling and supervision mechanisms, and promoting honest business practices and consumer confidence.

14:04:51

[Five Departments Including the Ministry of Commerce: Deepening Innovation and Upgrading of Urban Retail Industry, Implementing "One Store, One Policy" for the Renovation of Existing Commercial Facilities] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commercial Facilities." The plan proposes to promote the renovation of existing facilities. It aims to deepen innovation and upgrading of the urban retail industry, implementing a "one store, one policy" approach to the renovation of existing commercial facilities. It supports local governments in including eligible commercial, cultural, and tourism facility renovation projects within the scope of large-scale equipment upgrades and urban renewal initiatives. It guides commercial facilities to carry out renovations tailored to local conditions, optimizing traffic organization, improving parking systems, and increasing public service facilities, among other site environment optimization projects. It also promotes the introduction of diverse business formats, such as service industries and innovative immersive experience scenarios, to revitalize the urban commercial market.

14:04:19

[Five Departments Including the Ministry of Commerce: Cultivating High-Quality Business Formats to Meet Comprehensive Consumer Demands] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commercial Facilities." The plan proposes cultivating high-quality business formats to meet comprehensive consumer demands. It aims to cultivate a number of large-scale commercial complexes in urban centers, key pedestrian streets (commercial districts), tourist and leisure blocks, and nighttime cultural and tourism consumption clusters, catering to consumers' comprehensive shopping and leisure needs. These complexes will gather diverse business formats, scenarios, and services, enhancing international and high-quality consumption appeal and providing one-stop solutions for diverse consumer demands. The plan also includes upgrading and transforming a number of traditional department stores and shopping centers to create consumption venues with abundant goods and services and comprehensive shopping and leisure functions. Furthermore, it supports eligible stores to become tax-refund shops for departing tourists, expanding inbound consumption.

14:03:53

[National Committee of the Chinese People's Political Consultative Conference (CPPCC): Strengthen Consistency Assessment of Macroeconomic Policy Orientation, Adhere to "People-Centered" Approach to Expanding Domestic Demand] The CPPCC held a symposium in Beijing on the 28th to analyze the macroeconomic situation in the third quarter of 2025. CPPCC Vice Chairman Wang Yong attended and addressed the meeting. Participants suggested that, facing profound and complex changes in the domestic and international development environment, it is necessary to uphold and strengthen the Party's overall leadership over economic work. This requires not only keen insight into risks and challenges but also a deep understanding that the fundamental trend of my country's long-term economic growth remains unchanged. It is crucial to accurately grasp the current economic situation, thoroughly implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, focus on the strategic goals and key tasks of economic and social development during the 15th Five-Year Plan period, strengthen consistency assessment of macroeconomic policy orientation, adhere to a "people-centered" approach to expand domestic demand, deepen the construction of a unified national market, deepen financial and capital market reforms, accelerate the deep integration of technological innovation and industrial innovation, and promote the formation of a synergy for high-quality development.

14:03:23

[Five Departments Including the Ministry of Commerce: Strengthening the Integration and Application of Technologies such as Artificial Intelligence, Internet of Things, Cloud Computing, Blockchain, and Extended Reality in Urban Commercial Systems] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan emphasizes strengthening the empowerment of emerging technologies, including the integration and application of technologies such as artificial intelligence, the Internet of Things, cloud computing, blockchain, and extended reality in urban commercial systems. On the operational side, it calls for improving the functions of urban commercial district big data platforms, expanding the monitoring scope and frequency of passenger flow and sales in key pedestrian streets (commercial districts) nationwide, conducting in-depth analysis and judgment of consumption characteristics and trends, and improving smart services such as land use planning, investment promotion, logistics management, and security. On the consumption side, it aims to improve new smart business models such as intelligent guidance, precision marketing, cloud shopping, and immersive experiences, and promote a number of "artificial intelligence + consumption" scenarios.

14:01:53

[Five Departments Including the Ministry of Commerce: Promoting High-Quality Development of Pedestrian Streets (Business Districts)] The General Offices of five departments, including the Ministry of Commerce, issued the "Action Plan for Improving the Quality of Urban Commerce." The plan proposes to promote the high-quality development of pedestrian streets (business districts). It emphasizes fully leveraging the role of pedestrian streets (business districts) in leading and driving the construction of urban commercial systems, creating platforms for consumption upgrading, serving as city image icons, and serving as windows for opening up to the outside world. The plan calls for the creation of national demonstration pedestrian streets (business districts), combining urban renewal with a "one street, one policy" and "one district, one policy" approach to promote the renovation of existing pedestrian street (business district) facilities and the upgrading of business formats, fostering the aggregation of high-quality domestic and international brands, new business formats, new models, and new scenarios, optimizing the business and consumption environment, and creating a number of national demonstration pedestrian streets (business districts) that are rooted locally, radiate across the country, and face the world.

14:01:40

South Africa's monthly rate of private sector credit expansion in September

Previous : 5.86% Forecast : 5.85%

Published Value 6.03%

14:01:39

South Africa's annual M3 money supply rate in September

Previous : 6.18% Forecast : -

Published Value 6.07%

14:01:13

The Nikkei 225 index closed at 51,301.07 points today, up 2.15%.

14:00:58

[Allianz: Bank of Japan May Avoid Giving the Impression of Holding Rates Unchanged indefinitely] Gregor Hirt, an analyst at Allianz Global, said he expects the Bank of Japan to keep its policy rate unchanged at 0.5% this week, but Kazuo Ueda may try to avoid giving the impression that the central bank will keep rates unchanged indefinitely. In a commentary, he said that while the Bank of Japan seems to be preparing for a rate hike, domestic political uncertainty, international trade tensions, and delayed releases of US economic data all pose challenges to a rate hike. Given the stable Japanese economic data and the undesirable prospect of further yen weakness, the Bank of Japan is expected to lay the groundwork for the next rate hike. He stated that a rate hike is likely to occur in December, but there is a risk of it being delayed until January.

14:00:50

With the Federal Reserve's interest rate decision imminent, the USD/JPY pair is retesting its previous high. Details>

13:57:56

South Korean President Lee Jae-myung: Will ensure steady progress in South Korea's defense spending.

13:57:46

[The energy storage concept has expanded its intraday gains, with Sungrow's total market value exceeding 400 billion yuan.] The energy storage concept has expanded its intraday gains, with Sungrow rising by more than 15%, and its total market value exceeding 400 billion yuan. Previously, Tongrun Equipment and Kelike hit their daily limit, while Haibosichuang and Aero Energy rose by more than 10%. Kelong Electronics, Jinlong Technology, Sineng Electric, Siyuan Electric, and Yuneng Technology were among the top gainers.

13:54:08

[Research Report: Global AMOLED Smartphone Panel Shipments Reached 250 Million Units in Q3, Up 11.7% Year-on-Year] A CINNO Research report indicates that with the arrival of the traditional peak sales season in the third quarter, Apple and major domestic brands have launched a series of flagship products, significantly boosting market demand for OLED panels. Global AMOLED smartphone panel shipments are projected to reach approximately 250 million units in the third quarter of 2025, representing a year-on-year increase of 11.7% and a quarter-on-quarter increase of 20.3%, achieving double-digit growth both year-on-year and quarter-on-quarter, indicating a continued recovery in market sentiment.

13:53:57

[Trump Criticizes Fed Chair Jerome Powell Again During South Korea Visit] President Trump criticized the Federal Reserve again on Thursday, targeting Fed Chair Jerome Powell for allegedly delaying interest rate cuts. Speaking in Gyeongju, South Korea, Trump said, "Jerome 'Too Late' Powell," a remark that drew laughter from numerous business executives and leaders in attendance at the APEC CEO Summit. Trump added, "We won't have a Fed that raises rates because it's worried about inflation over the next three years." This may indicate he is beginning to acknowledge that inflation could eventually accelerate. Trump stated that he expects the U.S. economy to grow by 4% in the first quarter of 2026, a rate significantly higher than analysts' expectations.

13:53:41

US President Trump: We are good at making other things, but we are not good at shipbuilding. Shipbuilding is very necessary

13:53:30

South Korean President Lee Jae-myung: South Korean companies will continue to invest in the United States, and we will continue to support cooperation and efforts in the United States to revitalize its manufacturing and shipbuilding industries.

13:48:43

South Korean President Lee Jae-myung: I hope Trump will allow us to have the fuel needed for nuclear-powered submarines.

13:48:27

CEO of Tokyo Gas: Whether to undertake the Alaska LNG project ultimately depends on whether the terms and economic benefits are favorable. There will be no supply problems with Russia's Sakhalin-2 LNG project in the short term. We will consult with the Japanese government on future purchases of the Sakhalin-2 LNG project. We aim to establish a more predictable shareholder return policy based on a progressive dividend policy.

13:47:39

Japan's Komatsu Corp said U.S. tariffs will reduce its profit by 55 billion yen this fiscal year, compared with a previous estimate of a 75 billion yen reduction.

13:47:26

South Korean President Lee Jae-myung: South Korea will enhance its defense capabilities by increasing defense spending.

13:47:19

Gold rebounded slightly ahead of the Fed's decision, but the correction is not yet over and it is expected to remain range-bound. Details>

13:43:54

Fitch maintains Korea Export-Import Bank's "AA-" rating; outlook stable.

13:42:51

The Nikkei 225 index has just broken through the 51,300.00 mark, currently trading at 51,295.03, up 2.14% on the day.

13:41:55

[Ministry of Ecology and Environment: Expanding the Coverage of the National Carbon Emission Trading Market to Basically Cover Major Emissioning Industries in the Industrial Sector by 2027] On October 29, the Ministry of Ecology and Environment held its regular press conference for October. Xia Yingxian, Director of the Department of Climate Change, stated that the construction of the national carbon market will be accelerated. First, the coverage of the national carbon emission trading market will be expanded, basically covering major emissioning industries in the industrial sector by 2027. Second, quota control and paid allocation will be implemented. Based on national greenhouse gas emission control targets and the requirements of dual carbon emission control, the focus will gradually shift from intensity control to total quota control, steadily promoting a combination of free and paid carbon emission quota allocation, and orderly increasing the proportion of paid allocation. Third, quotas will be gradually tightened. The coordination between the national carbon emission trading market and industrial policies will be strengthened to enhance the scarcity of quotas, promote more accurate and comprehensive carbon prices that reflect my country's emission reduction costs, and provide clearer price signals for key industry structural optimization and green and low-carbon transformation. Fourth, the construction of a voluntary emission reduction trading market will be accelerated. Fifth, we will strive to enhance the vitality of the national carbon market. We will explore and develop green financial products and services related to carbon emission rights and certified voluntary emission reductions, gradually enrich the types and number of trading entities, and strengthen market transaction supervision. We will establish a scientific and comprehensive methodological system, accelerate the development of methodologies in key areas, and effectively serve the social responsibility for emission reduction and the transformation of ecological value based on the "Two Mountains" theory.

13:41:42

[Ministry of Ecology and Environment: Accelerate the Expansion of Market Support and Encourage All Sectors to Explore Advanced Low-Carbon, Zero-Carbon, and Even Negative Carbon Technologies] On October 29th, the Ministry of Ecology and Environment held its October regular press conference. Xia Yingxian, Director of the Department of Climate Change, stated that the national voluntary greenhouse gas emission reduction trading market has entered a critical stage of rapid development. The Ministry will continue to use the voluntary emission reduction trading market to stimulate the enthusiasm of all sectors of society to participate in greenhouse gas emission reductions and promote the transformation of ecological value. First, we will accelerate the expansion of market support areas, establish a high-standard methodology for my country's voluntary emission reduction trading market, and encourage all sectors of society to explore advanced low-carbon, zero-carbon, and even negative carbon technologies. Second, we will improve and perfect the data quality supervision mechanism, enhance the information and intelligent level of data quality supervision, strengthen the capacity building of market entities, and provide high-quality carbon credit products to the public. Third, we will deepen international exchanges and cooperation, coordinate and connect with the international carbon market, and further enhance the international influence of my country's carbon market.

13:41:25

According to Yonhap News Agency: South Korean and U.S. leaders begin extensive talks.

13:39:56

[5GAA and IMT-2020 (5G) Promotion Group Renew Cooperation Memorandum in Shanghai] On October 22, 2025, the 5G Automotive Alliance (5GAA) and the IMT-2020 (5G) Promotion Group renewed their Memorandum of Understanding (MoU) in Shanghai, China. Christof Schmidt, Chairman of the 5GAA Board of Directors, and Wang Zhiqin, Head of the IMT-2020 (5G) Promotion Group, signed the agreement as representatives of both parties. This renewal signifies the continued deepening of cooperation between the two sides in promoting the global commercialization of 5G and C-V2X vehicle-to-everything (V2X) technologies and industries. (China Academy of Information and Communications Technology)

13:39:37

According to Yonhap News Agency, Trump was awarded the Grand Order of Mugunghwa (South Korea's highest honor), setting a precedent for US presidents.

13:36:41

Thailand's Finance Minister: Supervision of illicit financial flows will be strengthened by December.

13:31:37

[Ministry of Transport: "Ten-Hundred-Thousand" Innovation Action for Artificial Intelligence + Transportation Fully Launched] Xu Wenqiang, Director of the Science and Technology Department of the Ministry of Transport, stated at a press conference on October 29 that accelerating innovative application scenarios is the core approach to carrying out the "Artificial Intelligence + Transportation" action. The Ministry of Transport will focus on both scenario application as the driving force and technological innovation as the driving force, exerting efforts on two levels to systematically promote the large-scale innovative application of artificial intelligence technology in the transportation sector. Specifically, regarding pilot demonstration applications, the Ministry of Transport has fully launched the "Ten-Hundred-Thousand" Innovation Action for Artificial Intelligence + Transportation, systematically promoting scenario opening and demonstration applications.

13:31:29

The Shenzhen Component Index has just broken through the 13600.00 mark and is currently trading at 13600.37, up 1.27% on the day.

13:30:29

The Nikkei 225 index has just broken through the 51,400.00 mark, currently trading at 51,402.91, up 2.36% on the day.

13:29:51

Thailand's Ministry of Finance: Will discuss with the United States reducing tariffs on some Thai products

13:26:01

Thailand's Finance Minister: Thailand is not manipulating its currency and the central bank can use tools to manage the exchange rate without intervention

13:25:45

A report released by Deloitte on Wednesday shows that Trump's tariffs will increase operating costs for businesses in 2026, disrupt supply chains, and dampen investment momentum in the oil and gas industry.

13:25:29

Uallace Moreira, secretary of Brazil's Ministry of Development, Industry, Trade and Services, said on Tuesday that some automakers' operations in Brazil could cease within two to three weeks if the global chip supply crisis continues.

13:22:37

US President Trump said on the presidential plane from Tokyo to South Korea that the Middle East peace process has entered the second phase, but did not explain the expectations for the new phase of the Middle East peace process.

13:20:46

US President Trump: Hyundai has pledged $26 billion, Micron has pledged $200 billion, and SoftBank, OpenAI, and Oracle have pledged over $500 billion.

13:20:17

Sources indicate that the joint venture between Indian Oil Corporation and Vitol Energy Group is expected to be located in Singapore.

13:16:52

[Nvidia to Sign AI Chip Supply Agreements with Samsung and Other South Korean Companies] According to Yonhap News Agency, citing sources, US tech giant Nvidia will supply artificial intelligence (AI) chips to South Korean companies including Samsung Electronics and SK Group. Sources revealed that Nvidia will sign supply agreements with four companies: Samsung Electronics, SK Group, Hyundai Motor Group, and Naver, and will announce the details on Friday. Hwang In-hoon will meet with Hyundai Motor Group President Chung Eui-sun and Samsung Electronics Chairman Lee Jae-yong in Seoul on Thursday; SK Group Chairman Chey Tae-won may also attend. Previously, in an interview in the US, Hwang In-hoon stated that he hoped to announce some "very, very happy" news with South Korean partners during his visit to South Korea this week.

13:16:07

Spot platinum has just broken through the $1570.00/oz mark, and is currently trading at $1569.94/oz, down 0.08% on the day; Nymex platinum futures are currently trading at $1571.4/oz, down 0.85% on the day.

13:16:07

The Nikkei 225 index has just broken through the 51,300.00 mark, currently trading at 51,304.66, up 2.16% on the day.

13:13:43

[Photovoltaic equipment sector gains widen in the afternoon, with Canadian Solar hitting the 20cm daily limit] The photovoltaic equipment sector saw gains widen in the afternoon, with Canadian Solar hitting the 20cm daily limit. Tongrun Equipment had previously hit the daily limit, while LONGi Green Energy and Hongyuan Green Energy rose by more than 9%, and Jinko Solar and Tongwei followed suit.

13:11:56

The Commonwealth Bank of Australia stated that with increasing market speculation that the Reserve Bank of Australia may keep interest rates unchanged for an extended period, and with market expectations for the size of government bond issuance revised downward, the Australian government bond yield curve is expected to reach its flattest level since February.

13:11:39

Analysis of satellite imagery, shipping data and customs records shows that steel tycoon Lakshmi Mittal's Indian energy joint venture purchased Russian oil transported by sanctioned vessels from the Arctic port of Murmansk to the Gulf of Oman between July and September.

13:11:05

Spot Gold Faces a Key Support Test: 1. Technical analysts suggest that spot gold prices may retest the $3,885 support level. A break below this level would open further downside potential, targeting $3,798. The C-wave correction from the $4,151 high is not yet complete and is expected to extend to its 100% projection at $3,798. 2. Wave C consists of five sub-waves, with Minor Wave 4 currently appearing to end near $3,982. Next, Minor Wave 5 is expected to push gold prices towards $3,798. However, if gold breaks through the $3,982 resistance level, a rebound to the $4,026-4,080 range is possible. 3. On the daily chart, gold has broken below the $4,004 support level, paving the way for a further decline towards $3,772. The mild rebound on the hourly chart appears more like a retracement following the break below $4,004 than a trend reversal. 4. Overall, this correction is a reaction to the long-term upward trend that started at $1810. Mathematical analysis suggests this correction could extend as far as the 38.2% retracement level at $3397. Investors need to closely monitor these key levels to determine the market's next move.

13:07:13

[China Marine Economy Development Report 2025 Released] Recently, the National Development and Reform Commission and the Ministry of Natural Resources released the "China Marine Economy Development Report 2025" (hereinafter referred to as the "Report"). The Report summarizes the development of the national and coastal marine economy in 2024. Over the past year, breakthroughs have been achieved in various aspects of the marine economy. The national gross marine product reached 10.5 trillion yuan, the scale of the marine economy continued to expand, the marine industrial structure accelerated its adjustment, the marine science and technology innovation capability was significantly enhanced, the level of intensive and economical utilization of marine resources continued to improve, and effective work was achieved in marine ecological protection, restoration, and early warning monitoring. Furthermore, the opening up and cooperation of the marine economy with foreign countries continued to deepen.

13:06:31

The Indian government stated that India and the EU believe that issues related to steel, automobiles, the carbon border adjustment mechanism, and EU regulations require further discussion due to their high sensitivity.

13:06:22

Malaysia's Trade Minister: Despite reaching a critical minerals agreement with the United States, Malaysia will maintain its ban on rare earth ore exports

13:06:09

Reserve Bank of New Zealand Governor Hawkesby: We don't need to look far to see the independence of central banks around the world under attack.

13:05:50

[Shanghai: Striving to Establish a Full-Coverage, Highly Efficient, and Seamless Metropolitan Area Millisecond-Level Computing Network Capability System by 2027] The Shanghai Municipal Communications Administration and the Shanghai Municipal Commission of Economy and Informatization issued a notice on launching a special action for "Millisecond-Level Computing" in Shanghai's metropolitan area. The notice states that by 2027, a full-coverage, highly efficient, and seamless metropolitan area millisecond-level computing network capability system will be basically established. This will provide millisecond-level computing resource network access capabilities within the metropolitan area, specifically achieving millisecond-level interconnection (<1 millisecond) for computing centers to infrastructure, millisecond-level access to computing resources (<1 millisecond) for key locations, and millisecond-level accessibility for computing applications to application terminals (network latency <10 milliseconds).

13:05:23

Traders: India's central bank intervenes to support the rupee, triggering more dollar selling

13:05:12

US President Trump: If I were still president, the Russia-Ukraine conflict would never have happened. We completed eight such missions in eight months, and I believe the others will be resolved. I thought it was one of the simplest things. We are working together to solve unprecedented challenges, shape a free and open Indo-Pacific region, and build a future of dignity, security, prosperity, and pride for all.

13:04:37

US President Trump: If you build a factory in the US, tariffs are zero, and we will reach a great trade deal with India.

13:03:55

US President Trump: Economic security is national security, and the agreement with South Korea will be finalized soon. Trade policy is a key factor in a series of new investments.

13:03:33

US President Trump: The US is reforming steel production and increasing output, and streamlining approval processes for new energy and mining projects.

13:03:14

US President Trump: American factories are thriving, semiconductor manufacturing is rapidly returning to the US, we are a sincere partner of South Korea, and we expect the US to play a significant role in the chip industry. We will have a very prosperous shipbuilding industry, and when the US prospers, our alliances and the Indo-Pacific region will also prosper. We are rapidly issuing licenses to investors.

13:02:11

US President Trump: We have secured over $18 trillion in new investment commitments, and by the end of my second term, we could have $21-22 trillion in investment flowing into the US. We expect GDP growth of 4% next quarter and will not allow the Federal Reserve to raise interest rates.

13:00:51

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

13:00:16

The Shanghai Composite Index opened at 4003.25 points, up 0.38%; the CSI 300 Index opened at 4715.02 points, up 0.49%; the Shenzhen Component Index opened at 13552.13 points, up 0.91%; the ChiNext Index opened at 3273.86 points, up 1.37%; and the SME Composite Index opened at 14478.57 points, up 0.54%.

13:00:16

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

12:35:47

18 Forex Support and Resistance Charts in One Chart: US Dollar + European and Japanese Currencies + Commodity Currencies + Emerging Currencies (October 29, 2025) Details>

12:33:42

Commodity support and resistance chart: Gold, Silver, Oil, Gas, Platinum, Palladium, Copper, and Agricultural Products Futures (October 29, 2025) Details>

12:22:58

A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on October 29th Details>

12:12:40

The Nikkei 225 index has just broken through the 51,100.00 mark, currently trading at 51,095.45, up 1.74% on the day.

12:06:20

Spot gold has just broken through the $3,960.00/ounce mark, and is currently trading at $3,959.58/ounce, up 0.18% on the day; COMEX gold futures are currently trading at $3,974.10/ounce, down 0.23% on the day.

11:55:25

[Trump-Founded Social Media Platform Launches Current Event Betting] On October 28th, local time, Truth Social, the social media platform founded by US President Trump, announced that it would allow users to bet on the outcomes of real-world events through the platform. According to the app, users can place bets on political, economic, and sports events, including "election results, interest rate and inflation changes, price trends of commodities like gold and crude oil," and "major sports league events." US federal regulators do not classify these "prediction markets" as gambling, so related transactions are overseen by the Commodity Futures Trading Commission (CFTC), rather than by state gaming authorities.

11:52:33

The Philippines says it will sign a military agreement with Canada on November 2.

11:48:41

The US government shutdown deadlock continues! With the wave of pay cuts still ongoing, another 42 million people are feared to face food shortages. Details>

11:45:06

Suzuki Motor President: Our vehicle sales in India are expected to be in line with or slightly above expectations this fiscal year

11:44:56

Economists at the Commonwealth Bank of Australia (CBA) believe the Reserve Bank of Australia will not cut interest rates further and that rates will remain at 3.6% for an extended period.

11:44:11

[Beijing Stock Exchange Chairman Lu Songbin: Enhancing the Adaptability and Precision of the Listing Review System] At the 2025 Financial Street Forum Annual Meeting, Lu Songbin, Chairman of the Beijing Stock Exchange, stated that the exchange will continue to study and optimize its listing standards system, enhance the adaptability and precision of the listing review system, continuously improve the M&A and restructuring tools, guide financial resources towards key core technology fields, support the transformation and upgrading of traditional industries, and better serve the development of new productive forces. Furthermore, the exchange will enrich its bond market product system, promote the normalized issuance of government bonds, expand the functions of the credit bond market, launch more bond varieties to implement national strategies, and promote the implementation of more typical cases of special bonds such as science and technology innovation bonds and green bonds.

11:38:59

[Wuhan: Enterprises to Receive Up to 200,000 Yuan in Subsidies Annually for Purchasing Computing Power] Recently, Wuhan officially began issuing its first batch of computing power service vouchers. A total of 13 computing power service providers were identified, offering 52 computing power products, and 3431p of public service computing power resources are eligible for "computing power vouchers." According to the main person in charge of the Artificial Intelligence Division of the Wuhan Municipal Bureau of Economy and Information Technology, based on the "Several Policy Measures of Wuhan Municipality to Promote the Development of the Artificial Intelligence Industry," computing power service vouchers with a total amount of no less than 10 million yuan will be established annually based on computing power usage, focusing on supporting small and medium-sized enterprises to purchase computing power services. Enterprises will receive a subsidy of 50% of their computing power service fees, up to a maximum of 200,000 yuan, with a subsidy period not exceeding three years.

11:36:55

Oil prices continued their decline on Wednesday, pressured by concerns over potential OPEC+ production increases. 1. Oil prices continued their downward trend after three consecutive days of losses. Although prices were briefly boosted by news of an unexpected drop in US crude oil inventories, investor concerns about Russian sanctions and potential OPEC+ production increases continued to weigh on prices. WTI crude is currently trading at $66.06 per barrel, down about 0.15%; Brent crude is currently trading at $63.73 per barrel, down about 1.9%. 2. According to data from the American Petroleum Institute (API), US crude oil inventories fell by 4.02 million barrels last week, gasoline inventories fell by 6.35 million barrels, and distillate fuel inventories fell by 4.36 million barrels. This inventory decline exceeded expectations and briefly fueled the rebound in the previous trading day. 3. Priyanka Sachdeva, senior market analyst at Phillip Nova, said that the unexpected decrease in US inventories supported oil prices in early trading today, but sanctions risks and OPEC+ dynamics are dominating the market. She emphasized that while sanctions and supply issues have become the focus, weak demand and spare capacity still limit upside potential. Oil prices recorded their biggest weekly gain since June last week after Trump imposed sanctions on Russian oil companies for the first time during his second term, but overnight both major benchmark crude futures fell 1.9%. 4. The Kremlin responded that Russia provides high-quality, low-cost energy, and partners can decide for themselves which to purchase. Industry insiders revealed that several Indian refiners have suspended new orders for Russian oil and are turning to the spot market for alternatives, but Indian Oil Corporation stated that it will continue to purchase as long as sanctions are complied with. The German Economy Minister stated that the US has assured that Russian oil operations in Germany will not be affected. 5. Four sources familiar with the matter revealed that OPEC+ is inclined to increase production slightly in December, possibly by 137,000 barrels per day. Analysts pointed out that the Fed's interest rate decision and the meeting between Chinese and American leaders in the second half of the week may boost market sentiment.

11:33:44

US President Trump said at Truth Social that we did not come to Korea to see Canada.

11:33:33

A-Share Midday Market Review: Shanghai Composite Index Rebounds Above 4,000 Points, with Many Stocks in the Securities and Nonferrous Metals Sectors Gaining Ground. The three major indices rose collectively in early trading. By midday, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.9%, the ChiNext Index rose 1.35%, and the Beijing Stock Exchange 50 Index rose 0.29%. Half-day trading volume in Shanghai, Shenzhen, and Beijing reached 1.4342 trillion yuan, a 74.7 billion yuan increase from the previous day. Over 2,000 stocks rose across the board. In terms of sectoral themes, the Hainan Free Trade Zone, securities, diversified finance, nonferrous metals, quantum technology, batteries, and gaming led the gains, while banks, logistics, cinema chains, liquor, and retail saw the largest declines. Computing hardware stocks mostly opened higher, with Zhongji Innolight, Foxconn Industrial Internet, and New E-Sun reaching record highs. Photovoltaic equipment and energy storage sectors performed actively, with Sungrow Power Supply reaching a new intraday high, while Longi Green Energy, Canadian Solar, and Tongrun Equipment led the gains. The securities and internet finance sectors also performed positively during the session, with Huaan Securities hitting its daily limit, while Ruida Futures, Northeast Securities, and Flush all saw gains. Furthermore, non-ferrous metals, Hainan Free Trade Zone, and quantum technology stocks all saw some movement. Meanwhile, the banking sector saw a volatile decline, with Bank of Chengdu, Xiamen Bank, and Shanghai Pudong Development Bank leading the decline. Fujian local stocks saw mixed performance, with many adjusting, with XCMG, Xiamen Cinda, and Zhangzhou Development leading the decline.

11:33:12

[EU to Establish Fund to Support Key Domestic Technology Companies] The European Commission and eight major European investment institutions held consultations in Brussels on the 28th to discuss establishing a technology investment fund of €3 billion to €5 billion to support the development of key European technology companies. The fund aims to address the funding gap for European technology companies in later-stage financing, helping startups scale up in Europe and avoid relocating to the US or other regions to seek overseas capital. The fund will focus on investing in "strategic and enabling technologies," including advanced materials, clean energy, and artificial intelligence, and is expected to officially launch in April next year.

11:32:06

The Nikkei 225 index just broke through the 51200.00 mark and was last at 51199.92, up 1.95% on the day.

11:32:06

Thailand's Ministry of Commerce: Investment applications in Thailand have increased due to data centers and the electronics industry.

11:31:06

The Shanghai Composite Index closed at 4002.83 points in the morning, up 0.37%; the CSI 300 Index closed at 4714.54 points in the morning, up 0.48%; the Shenzhen Component Index closed at 13550.65 points in the morning, up 0.90%; the ChiNext Index closed at 3273.28 points in the morning, up 1.35%; the SME Board Index closed at 14475.74 points in the morning, up 0.52%.

11:30:15

The Nikkei 225 index opened at 51,246.95 points at midday, up 2.05%.

11:28:40

[US Dollar Hovering at a One-Week Low as Markets Await the Fed's Interest Rate Decision] 1. The US dollar hovered near a one-week low against major currencies on Wednesday, with the market widely expecting the Federal Reserve to announce a rate cut later that day. The US dollar index remained steady at 98.75, up about 0.04%, after a slight drop of 0.1% the previous day, hitting a new one-week low of 98.55. Traders are closely watching Fed Chairman Powell's guidance at the press conference, particularly any confirmation of a December rate cut, which could trigger market volatility. 2. The US dollar fell 0.3% against the Japanese yen to 151.53, extending its two-day decline. It is currently trading around 151.93, having narrowed its losses to 0.1%. US Treasury Secretary Bensoner's social media post hinted that the new Japanese government is open to a central bank rate hike, adding to pressure on the dollar. The Bank of Japan will announce its policy decision on Thursday, and is expected to keep interest rates unchanged, but the market is watching for clues about a potential December rate hike. Japanese Prime Minister Sanae Takaichi urged the Bank of Japan to maintain accommodative policies, but emphasized that policy is determined by the central bank. Bensoner has repeatedly criticized the Bank of Japan for its slow pace of rate hikes. 3. The currency market is also focused on the meeting between US President Trump and Chinese President Trump in South Korea on Thursday. The European Central Bank will also announce its policy on Thursday, and is expected to keep interest rates unchanged. The euro fell slightly against the dollar to 1.1642, a drop of approximately 0.07%.

11:26:10

Goldman Sachs expects the Bank of England to cut interest rates by 25 basis points in November, after previously predicting no rate cut.

11:25:35

Spot gold has just broken through the $3,970.00/ounce mark, and is currently trading at $3,970.15/ounce, up 0.45% on the day; COMEX gold futures are currently trading at $3,983.70/ounce, up 0.02% on the day.

11:25:28

Thailand's Ministry of Commerce: Investment applications in Thailand increased by 94% year-on-year between January and September.

11:21:44

[Survey: Bank of Canada Expected to Cut Rates by 25 Basis Points This Week] Ten out of 12 economists surveyed by The Wall Street Journal predict that the Bank of Canada will cut interest rates by 25 basis points on Wednesday, bringing its main rate to 2.25%. At this level, the policy rate would be at the lower end of the central bank's estimated neutral stance, a level that neither inhibits nor stimulates growth. The two analysts who predict no change this week expect a rate cut in December, reflecting the gloomy economic environment.

11:17:17

According to Yonhap News Agency, data shows that the number of newborns in South Korea increased for the 14th consecutive month in August, mainly due to an increase in the number of marriages. A total of 20,867 babies were born in August, a 3.8% increase compared to the same period last year.

11:17:08

U.S. Defense Secretary Hergsays: We discussed training, capabilities, spending, and all the ways the U.S. and Japan contribute to defense.

11:16:55

U.S. Defense Secretary Hergsay: (When asked if any specific requests had been made to Japan to increase defense spending) The United States has not made any requests to Japan.

11:13:37

[Hualong Securities: Accelerated Commercialization of AI Agents Expected to Expand Application Scenarios; "Recommended" Rating Maintained for the Computer Industry] Hualong Securities released a research report stating that AI agents may succeed chatbots as the next mainstream AI product form. From the perspective of the ultimate form of AI, the ability for AI to participate in decision-making and execute operations based on recognition, understanding, and reasoning is an essential path for the development of AGI. Agents are driving a shift in corporate budgets from "buying tools" to "buying results," global computing power capex continues to rise, and basic models are iterating rapidly, creating favorable conditions for the prosperity of the agent ecosystem. The "Recommended" rating is maintained for the computer industry.

11:12:07

[Tianfeng Securities: Slowing Copper Mine Supply Growth Supports Copper Mine Profits] Tianfeng Securities released a research report stating that in 2025, a significant reduction in the TC benchmark will ease mine costs and lead to a substantial increase in copper prices. Copper mine profits in 2025 may continue to maintain the high level of 60% seen since 2024. However, the growth rate of copper mine supply is moving in the opposite direction, turning downwards. In recent years, many Chinese copper mining companies have expanded into resource-rich regions such as Africa and South America. Under pressure from high costs and resource protectionism, they are increasing their reserves through mergers, acquisitions, and joint ventures. Furthermore, they are continuously investing in supporting infrastructure construction to further improve production and transportation efficiency, aiming to reduce long-term costs.

11:11:59

[USD/CAD Hits One-Month Low Amid Fed and Bank of Canada Decisions] 1. The USD/CAD pair continued to decline in Asian trading on Wednesday, hitting a low of 1.3931, matching the near one-month low reached on October 8, a drop of about 0.1%. This marks the third consecutive day of decline for the pair, primarily driven by a weaker US dollar, as the market awaits the Federal Reserve's policy decision that day. 2. The Federal Reserve is expected to cut interest rates by another 25 basis points at its October meeting, bringing the benchmark rate to 3.75%-4.00%. According to the CME FedWatch Tool, the market has fully priced in this rate cut and believes there is a 91% probability of another rate cut in December. Traders are particularly focused on Fed Chairman Jerome Powell's comments on the future pace of easing. A CNBC October survey indicated that the Fed may cut rates further in the next two meetings. 3. The US dollar received some support from the upcoming meeting between US President Trump and Chinese President Trump on Thursday. If the two sides reach a framework agreement, potentially suspending US tariffs and export controls, this would further boost the dollar. 4. The Bank of Canada is also expected to cut interest rates by 25 basis points later on Wednesday. However, the outlook for Canadian interest rates is relatively optimistic, with its policy rate of 2.25% still offering a positive real yield relative to the 2.4% CPI. Analysts expect this rate cut may mark the end of the easing cycle, and the central bank may shift to a neutral or hawkish stance to address moderate inflation and high unemployment.

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3956.70	-44.46 (-1.11%)
XAG	47.337	-0.722 (-1.50%)
CONC	60.54	-0.51 (-0.84%)
OILC	64.39	-0.43 (-0.67%)
USD	100.140	0.276 (0.28%)
EURUSD	1.1481	-0.0037 (-0.33%)
GBPUSD	1.3045	-0.0094 (-0.71%)
USDCNH	7.1336	0.0092 (0.13%)

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