Combined turnover on the Shanghai and Shenzhen exchanges on Nov. 9 was CNY1.483 trillion, down CNY175.18 billion from the prior session. Shanghai turnover totaled CNY682.53 billion (prev. CNY772.64 billion) with volume 428 million lots (prev. 477 million); Shenzhen turnover was CNY800.08 billion (prev. CNY885.16 billion) with volume 515 million lots (prev. 569 million). Top stock turnover: Zhongji Xuchuang CNY21.73 billion; InnoLight CNY13.77 billion; CATL CNY10.91 billion; Changxin Technology C

An analyst at Dongwu Futures said copper climbed in Asian morning trade but intensifying macro headwinds are clouding the outlook. After Democrats’ midterm sweep of Congress, investors are reassessing US tariff prospects, and rising concern that tougher regulation could curb an AI-related demand premium has added pressure. Copper concentrate supply remains tight and spot treatment charges (TCs) are low amid annual long-term contract talks; demand remains weak. Near term, despite longer-term supply support, copper is likely to stay volatile with a downside bias.

Brent fell more than 3% to about $95/bbl, extending its biggest weekly drop since April 2020, after an unverified Israeli media report said Iran had stepped back from seeking control of the Strait of Hormuz and charging transit fees. President Trump earlier said he is "extremely unlikely" to order a major strike unless Iran signs a "very strong" deal, and a decisive Democratic midterm result has eased market fears of severe escalation, pulling prices down from a late‑October six‑month high. Uncertainty persists: IRIB reported a US overnight strike on Qeshm Island, and US Secretary of State Rubio downplayed the odds of a breakthrough in talks.