The Stoxx Europe 600 Telecoms index continued its decline, falling 3.3% to its lowest point since February.

Pakistan's foreign ministry says it has deployed "a large number of troops" to Saudi Arabia.

Key News 1. The People's Bank of China: Adhering to the principle of allowing the market to play a decisive role in exchange rate formation; never engaging in competitive currency devaluation. 2. Draft Measures for the Protection of Workers' Rights in New Employment Forms are open for public comment. Stock News 1. Changguang Huaxin: Morgan Stanley's report indicates that 800G/1.6T optical chips will remain extremely scarce in China in the short term. 2. Dongyue Silicon Materials: Net profit for the first three quarters is expected to increase by 19050%-19750% year-on-year, driven by rising prices of major products. 3. Dongshan Precision: Rumors of related policies have not yet impacted the company's current operating performance; the company has already proactively planned for multi-regional production capacity and a diversified supply chain. 4. Xiongsheng Technology: Plans to acquire no more than 80% equity in Xinyuan New Materials. 5. Guanghui Energy: Net profit for the first three quarters is expected to increase by 167%-177% year-on-year, driven by rising sales prices of its main products. 6. Amlogic: Q3 net profit is expected to increase by 223%-248% year-on-year, with preliminary estimates suggesting annual revenue may exceed 10 billion yuan. 7. Benchuan Intelligent: Q3 net profit is expected to increase by 190%-335% year-on-year, with increased revenue share from high-end, high-value-added PCB products such as high-multilayer boards and high-end HDI. 8. Xingyun Technology: Q3 net profit is expected to increase by 569%-716% quarter-on-quarter, with explosive growth in computing power business, especially server sales. 9. Jinlongyu: The company's solid-state battery business is still in the capacity construction and downstream customer expansion stage. 10. Wavelength Optoelectronics: The company and its chairman have been prosecuted for smuggling goods prohibited from import and export by the state.