South Korean presidential advisor: The United States will provide South Korea with chip tariff terms, with a level of preference no less than that for Taiwan.

Citigroup raised its target price for Tencent Holdings (00700.HK) from HK$735.00 to HK$751.00.

Domestic News: 1. Li Qiang will attend the 24th Meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organisation (SCO) Member States, the 20th G20 Leaders' Summit, and pay an official visit to Zambia. 2. Ministry of Commerce: China is carrying out export controls on rare earth-related items in accordance with laws and regulations. 3. People's Bank of China: As of the end of October 2025, the outstanding amount of total social financing was 437.72 trillion yuan, a year-on-year increase of 8.5%. Broad money (M2) balance was 335.13 trillion yuan, a year-on-year increase of 8.2%. Narrow money (M1) balance was 112 trillion yuan, a year-on-year increase of 6.2%. 4. Have Dutch representatives come to China to discuss the Nexperia semiconductor issue? Ministry of Commerce responded: We hope the Dutch side will propose a substantive and constructive solution to the problem as soon as possible. 5. my country has completed the first phase of 6G technology trials. 6. Chairman Wu Qing visited the financial regulatory authorities of France and Brazil and held talks with representatives of international institutional investors. 7. The draft revision of the "Banking Supervision and Administration Law of the People's Republic of China" may soon enter the formal review process. International News: 1. Trump signs bill ending the longest government shutdown in US history. 2. Trump: The government shutdown caused $1.5 trillion in losses; it will take weeks or even months to fully calculate the total impact. 3. India approves a 250.6 billion rupee export promotion plan; Indian Prime Minister Modi: Ensure "Make in India" has a greater influence in the world market. 4. The US Department of Agriculture begins releasing data delayed due to the government shutdown. 5. Federal Reserve's Daly: It's too early to say whether or not there will be a rate cut in December. 6. IEA Monthly Report: Oil demand growth is expected to slow in the fourth quarter, while supply will increase further. 7. According to CNBC, citing sources, Musk's xAI raised $15 billion in its Series E funding round. 8. White House National Economic Council Director Hassett: (Regarding the October non-farm payroll data) A jobs report will be released, but the unemployment rate will not be published. Fourth-quarter GDP is expected to decline by 1.5% due to the government shutdown. There are not many reasons not to cut interest rates.