Domestic News
1. China Securities Regulatory Commission (CSRC): Efforts will be made to stabilize the market and expectations, continuously enhancing the resilience and confidence of the capital market.
2. People's Bank of China (PBOC): Starting November 2nd, overnight reverse repurchase operations will be conducted daily, with an operating rate of 1.25%.
3. PBOC: Continue to implement a moderately loose monetary policy, comprehensively utilizing various monetary policy tools to maintain ample liquidity.
4. Ministry of Commerce: Resolutely opposes the US Federal Communications Commission's vote to restrict testing laboratories.
5. Ministry of Finance: From January to September, the total profits of state-owned and state-controlled enterprises nationwide increased by 3.0% year-on-year.
6. The first batch of government procurement standards for domestic products is open for public comment, involving five products including fixed multi-joint industrial robots.
7. The National Development and Reform Commission and other departments issued the "Guiding Opinions on Strengthening the Construction of Consumption Infrastructure and Promoting a Virtuous Cycle Between Consumption and Investment."
International News
1. Bank of Japan Decision
① The Bank of Japan agreed by an 8-1 vote to maintain the interest rate at 1.25%.
② The Bank of Japan accelerated the sale of ETFs, increasing the annual sales volume to 860 billion yen.
③ The Bank of Japan raised its core CPI forecast for next year and its GDP growth forecast for this year.
④ Kazuo Ueda: Core CPI inflation is generally in line with the 2% price stability target, but the Bank of Japan has not yet declared that it has achieved its inflation target. The Bank of Japan does not intend to formally announce that it has achieved its price target at any point in time; whether or not to declare deflation depends on the government.
2. Kioxia's third-quarter earnings outlook fell short of market expectations.
3. Intel's stock price plummeted nearly 30%, Nvidia's market capitalization fell below $5 trillion, and the Philadelphia Semiconductor Index fell sharply.
4. Ukraine resumed attacks on Russian oil refineries.
5. Spot gold broke below the $3,900 mark for the first time since October last year; spot silver fell below $50 for the first time since November last year.
6. Middle East situation
① According to Reuters: An official familiar with the negotiations said that Qatari mediators returned to Tehran on Friday to continue pushing for an agreement between the US and Iran. The mediation negotiations have been coordinated with the US side.
② US media reveals details of Vance's letter to Iran: He proposes direct negotiations, with Istanbul or Doha potentially as meeting locations.
③ Trump on the Iran war: It will end soon.
④ Iranian Revolutionary Guard: A supertanker struck a mine and exploded in the no-navigation zone of the Strait of Hormuz. This is the third tanker to explode and catch fire today due to violations of navigation rules.
