Domestic News:
1. The Shanghai Composite Index and the STAR Market Composite Index are proposed to be revised, effective today.
2. Are some QDII (Qualified Domestic Institutional Investor) segregated account products being liquidated? Industry insiders say it's related to adjustments in QDII segregated account quota ratios.
International News:
1. Vucic concedes defeat for the En Marche! party in the Serbian parliamentary elections.
2. Goldman Sachs lowers its 12-month target for the South Korean KOSPI index by 25%.
3. Zelensky: Ukraine, the US, and Russia plan to hold technical-level working talks in November.
4. Early voting begins in New Zealand's 2026 general election, continuing until November 7th.
5. Volatility in the French bond market intensifies; the succession struggle for the European Central Bank presidency focuses on crisis response capabilities.
6. Brazil enters the final round of its presidential election; results are expected on the morning of the 26th Beijing time.
7. Middle East situation—
① Trump says he may strike Iran again, or an agreement may be reached, but not today (25th US Eastern Time). ② Foreign media: Qatari mediators traveled to Tehran on Sunday to coordinate efforts to de-escalate regional tensions.
③ Iran: Even a new round of US strikes will not change Tehran's stance.
④ Iran-Pakistan border reopens.
⑤ US Central Command Commander Cooper inspects the Strait of Hormuz.
⑥ With his election campaign in jeopardy, Netanyahu has reportedly repeatedly "pleaded" with Trump for public support.
⑦ Iranian Parliament Speaker calls on citizens to reduce natural gas consumption.
