On the 12th, Russian President Putin told a U.S. delegation including Jared Kushner and a U.S. envoy that Russia cannot accept foreign troops being stationed in Ukraine. He said such deployments would threaten Russian national security and would become legitimate targets for Russian forces. Putin added Russia has not closed the door to dialogue with Europe, blamed Europe for breaking off talks, and urged the U.S. and European states to coordinate — saying European governments must make clear whe

Shanghai and Shenzhen traded a combined CNY1.932 trillion on Nov 12, up CNY255.8 billion from the previous session. Shanghai turnover was CNY879.54 billion (previous CNY736.16 billion), volume 497 million lots; Shenzhen turnover was CNY1,052.55 billion (previous CNY940.12 billion), volume 633 million lots. Zhongji Xuchuang led stocks by turnover at CNY33.62 billion, followed by Xin Yisheng CNY25.67 billion, Cambricon CNY20.17 billion, Dongshan Precision CNY18.26 billion and Changxin Technology CNY17.79 billion.

India's oil imports from the Persian Gulf via the Strait of Hormuz have, for the first time since the U.S.-Iran conflict, exceeded imports from Russia as tanker round trips resume and Hormuz flows rebuild. Commodity data firm Kpler says month-to-date deliveries to India via Hormuz have risen to about 2.1 mln b/d, above roughly 1.8 mln b/d of Russian oil imports. Flows to India through Hormuz plunged from a February average of 2.8 mln b/d to about 247,000 b/d in April. Combined exports from major Gulf producers—Saudi Arabia, the UAE, Iraq and Kuwait—reached about 15.53 mln b/d in October, roughly in line with levels at the start of the year.