Sungrow Power's intraday trading volume exceeded 20 billion yuan, and it is currently up 2.21%.

Domestic News: 1. Li Chenggang met with a U.S. agricultural trade delegation in Beijing. 2. Spokesperson for the Ministry of Commerce answered reporters' questions regarding adjustments to the Unreliable Entities List and the Export Control List. 3. The State Council Tariff Commission announced adjustments to additional tariffs on imported goods originating from the United States and the cessation of additional tariffs on certain imported goods originating from the United States. 4. Kweichow Moutai plans to repurchase up to 3 billion yuan worth of shares and distribute dividends exceeding 30 billion yuan. 5. The EU will investigate the sale of nickel ore by a British mining giant to a Chinese company; the Ministry of Foreign Affairs hopes relevant parties will adhere to their openness commitments. 6. The Ministry of Commerce announced the cessation of anti-circumvention measures on imported cutoff wavelength-shifted single-mode optical fiber originating from the United States. International News: 1. Kremlin: Putin and Trump have no plans for dialogue in the near future. 2. Trump: Expects third-quarter GDP growth of 4.2% or higher. 3. Japan's number of newborns in the first half of the year hit a record low since statistics began. 4. Putin: Russia will take reciprocal countermeasures if the US resumes nuclear testing. 5. Federal Reserve Governor Milan: He believes continued interest rate cuts remain reasonable. (Comment on ADP) The employment market trends before the government shutdown seem to persist. 6. Progress in the US Supreme Court tariff case debate: Conservative Chief Justice and others question the legitimacy of the tariffs, reducing Trump's chances of winning. Bessant is optimistic about a victory. 7. Overnight market activity—Spot gold nearly reached the $4,000 mark, silver rose over 2%, major cryptocurrencies recovered more than half of yesterday's losses, and US Treasury yields continued to rise, with the 10-year yield increasing by 7 basis points. 8. US October ADP employment increased by 42,000, the largest increase since July 2025, exceeding market expectations. The US October ISM non-manufacturing PMI recorded its highest level since February. 9. US Government Shutdown – ① Trump blamed the government shutdown for his regional election losses, demanded an end to the “lengthy debates” (which Republicans have refused), and claimed that US stocks would reach new highs. ② Two Democratic leaders wrote to Trump seeking face-to-face negotiations, but Trump insisted on not engaging in negotiations until Democrats voted to reopen the government. ③ Capacity at 40 major airports across the US will be reduced by 10%.

Federal Reserve's Williams: Artificial intelligence will pose some problems in the labor market.