[Treasury Bond Futures Opening] The 2-year Treasury bond futures (TS) main contract was unchanged, the 5-year Treasury bond futures (TF) main contract rose 0.01%, the 10-year Treasury bond futures (T) main contract rose 0.02%, and the 30-year Treasur

Domestic News: 1. The draft Financial Law was submitted to the Standing Committee of the National People's Congress for its second review. 2. The People's Bank of China (PBOC) announced it will conduct a securities, fund, and insurance company swap facility operation on November 3, with applications exceeding 100 billion yuan. 3. The China Securities Regulatory Commission (CSRC) plans to optimize rules for market-stabilizing repurchase agreements, including adding scenarios for "below issue price" (IPO price falling below initial offering price), removing the six-month listing restriction, and removing restrictions on call auctions. 4. Three departments announced that the stock repurchase and shareholding increase relending policy will be changed from a phased arrangement to a long-term institutional arrangement, with the relending rate reduced from 1.25% to 1%. 5. Wang Yi held talks with Saudi National Security Advisor Aiban. 6. Wang Yi met with Bagheri, Deputy Secretary of Iran's Supreme National Security Council. International News: 1. The Philadelphia Semiconductor Index fell 3.3% overnight, and Intel fell nearly 9%. 2. The U.S. Treasury Department lowered its fourth-quarter borrowing forecast to $618 billion. 3. The settlement cycle for the South Korean securities market is expected to be shortened from three days to two days by 2028. 4. Apple's revenue exceeded expectations, but growth slowed, with pressure on its Greater China and services businesses. 5. Anthropic's third-quarter revenue approached $17 billion, a 12-fold increase year-over-year. 6. International crude oil prices plummeted 7% due to the outlook for Middle East negotiations, while spot gold rose over 2% at one point. 7. Middle East Situation— ① Iranian President Peschizian stated that Iran's Supreme Leader has granted the government some authority in negotiations. ② Foreign media: Qatari mediators traveled to Tehran on Monday evening to meet with the Iranian Foreign Minister. Negotiations have been ongoing for the past eight days, and procedural obstacles have been overcome. ③ Trump: Oil prices have plummeted. Iran hopes to reach a solution quickly, and this could happen! ④ The Iranian Foreign Minister said that indirect consultations between Iran and the US through mediators have been "very intensive," and Iran has presented its conditions. Iranian media reported that exchanging information with the US through intermediaries is standard practice, and there has been no new progress in this regard. ⑤ Trump did not take questions from reporters as he left the Reflecting Pool. A reporter loudly asked him if he was considering another strike against Iran after the US midterm elections. He glanced at the reporter and replied, "No." ⑥ US media: Three positions on Iran are emerging within the US; Trump is not in a hurry to make a decision on strikes; Qatar is pushing for a phased confidence-building plan. ⑦ The Iranian Revolutionary Guard claims to have seized two US drones and shot down one. Iranian media reported explosions in southern Iran, the nature of which is unknown. ⑧ Vance: Both Trump and I feel good about the prospects for US-Iran negotiations.

The Philadelphia Semiconductor Index fell as much as 3% during the day; Marvell Technology (MRVL.O) fell 13.18%, Intel (INTC.O) fell 8.68%, AMD (AMD.O) fell 6.68%, and Micron Technology (MU.O) fell 5.74%.