India's food ministry said it will sell more rice in the open market.

A sell-off this week underscored AI’s outsized market impact: concern that newly elected Democratic lawmakers could curb data center construction was enough to trigger broad declines in US equities. As of Nov. 3, since OpenAI released ChatGPT the S&P 500’s market capitalization has risen by about $32 trln, with more than half of that gain concentrated in just 10 AI-linked firms. US pension funds have roughly 44% of assets tied to the tech sector, about $6.1 trln. Non-tech industries — including power generators, turbine manufacturers and uranium miners — have increasingly linked growth narratives to the AI boom, and their share prices are moving with the wider AI supply chain.

China Meteorological Administration activates a level-four emergency response for a major meteorological disaster (heavy snow).