Traders say the Reserve Bank of India may sell dollars to curb rupee depreciation.

CITIGROUP expects the U.S. midterm elections to have limited impact on S&P 500 fundamentals overall, with effects concentrated at the sector level. Different congressional outcomes could alter policy paths for semiconductors, consumer stocks and energy. A change in control may influence future debates on corporate tax, AI regulation, tariffs and war authorization.

China A-shares closed lower after opening weak. Shanghai Composite fell 1.22%, Shenzhen Composite down 2.34%, ChiNext down 2.68%. Wind-power equipment led gains with Jixin Technology hitting its daily limit. Shipping and ports rallied in the afternoon; Xiamen Port hit the limit-up. Coal names were active (Yunmei Energy limit-up); robotics also firm with Luozhou Co. at limit. New listing N Bairuiji closed roughly 331% higher. Lagging sectors included precious metals, PCBs, grain, CPO, glass substrates and energy metals. Turnover on the Shanghai and Shenzhen bourses totaled 1.65 tln yuan, down about 111.6 bln yuan versus yesterday; roughly 1,100 stocks rose and 4,000 fell.