Australia's S&P/ASX 200 index opened 3.80 points higher, or 0.04%, at 8822.60 on Wednesday, November 12.

Energy: 1. Oil prices will increase at midnight on November 10th, costing an extra 5 yuan to fill a tank. 2. It is reported that two Indian state-owned companies have purchased 5 million barrels of oil from the US and the Middle East. 3. Iraq's State Oil Marketing Organization (SOMO) has cancelled three shipments of crude oil originally scheduled for November delivery by Lukoil. 4. Sources say that due to disruptions in supply from Russia, India's HMEL is seeking to import naphtha as soon as possible through a tender process. 5. Iraqi official sources stated that Lukoil has declared force majeure on its West Kuna-2 project in Iraq. Lukoil warned Iraq that it may withdraw from the project if the force majeure situation continues. Precious Metals and Mining: 1. Indian government data shows that India became a net exporter of finished steel products in October. 2. Silver inflows into London vaults in October reached a nine-year high, easing supply tensions. 3. Chile's state-owned copper company, Copper, saw its September copper production fall 7.2% year-on-year to 115,600 tons. 4. Congo's niobium-tantalum mines have become a new battleground for US investment, with the US government in talks with Congo regarding mining investments. 5. The price per gram of some domestic gold jewelry brands has risen sharply by nearly 30 yuan compared to yesterday, exceeding 1300 yuan. Other: 1. According to Interfax news agency: Russia's Ministry of Industry has drafted a rare earth roadmap. 2. Trump: Tariffs on India will be reduced at some point, and a trade agreement with India is close. 3. Trump: Discussions are underway with Switzerland regarding a tariff reduction agreement, but specific figures have not yet been determined. 4. South Korea has approved a target to reduce greenhouse gas emissions by 53% to 61% by 2035.

The Bank of Korea stated that with strong housing price expectations, the impact of interest rate cuts on the economy will be limited.