The A-share small metal sector surged, with Orient Tantalum Co., Ltd. and China Tungsten High-Tech Co., Ltd. both rising by more than 8%, followed by Xiamen Tungsten Co., Ltd., Zhangyuan Tungsten Co., Ltd., Xianglu Tungsten Co., Ltd., and Baowu Magne

1. Monday: ① Data: Germany's October IFO Business Climate Index; UK's October CBI Retail Sales Difference; US October Dallas Fed Business Activity Index and US September Durable Goods Orders Monthly Rate. ② Events: 700 billion yuan in one-year Medium-Term Lending Facility (MLF) and 189 billion yuan in seven-day reverse repos mature today; Reserve Bank of Australia Governor Bullock participates in a fireside chat; a new round of domestic refined oil price adjustments begins; The 2025 Financial Street Forum Annual Meeting will be held from October 27th to 30th, with keynote speeches by the heads of the Bank of China, the China Banking Regulatory Commission, and the China Securities Regulatory Commission; US President Trump's visit to Japan, which runs until October 29th; and Premier Li Qiang's visit to Malaysia to attend the East Asia Cooperation Leaders' Meeting. 2. Tuesday : ① Data: Germany's November GfK Consumer Confidence Index; US August FHFA House Price Index (monthly rate), US August S&P/CS 20-city House Price Index (unadjusted annual rate), US October Conference Board Consumer Confidence Index, US October Richmond Fed Manufacturing Index. ② Event: 2025 Financial Street Forum Annual Meeting, October 27-30. ③ Financial Reports: Ping An of China, Bank of China. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending October 24; Australia's Q3 CPI (on-year rate), Australia's September weighted CPI (on-year rate); Switzerland's October ZEW Investor Confidence Index; UK Bank of England mortgage approvals (September); Canada's Bank of Canada interest rate decision through October 29; US September existing home sales index (monthly rate). ② Events: The Bank of Canada announces its interest rate decision and monetary policy report; the 2025 Financial Street Forum Annual Meeting will be held from October 27th to 30th; US President Trump visits South Korea and attends the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit. ③ Holidays: The Hong Kong Stock Exchange will be closed for one day for the Double Ninth Festival. ④ Financial reports: China Merchants Bank, Alphabet, Meta, and Microsoft. 4. Thursday: ① Data: US Federal Reserve interest rate decision (October 29th); France's preliminary Q3 GDP annualized rate; Switzerland's October KOF leading economic indicator; Germany's October seasonally adjusted unemployment figures, Germany's October seasonally adjusted unemployment rate, Germany's preliminary Q3 unadjusted GDP annualized rate, Germany's preliminary October CPI monthly rate; Eurozone's preliminary Q3 GDP annualized rate, Eurozone's September unemployment rate, Eurozone's October industrial sentiment index, Eurozone's October economic sentiment index; European Central Bank deposit facility rate (October 30th); US EIA natural gas inventories (week ending October 24th); Japan's central bank target rate (October 30th); US initial jobless claims (week ending October 25th); US Q3 real GDP annualized rate preliminary, US Q3 real personal consumption expenditures annualized rate preliminary, US Q3 core PCE price index annualized rate preliminary. ② Events: Federal Reserve Chairman Powell held a monetary policy press conference; Bank of Japan Governor Kazuo Ueda held a monetary policy press conference; European Central Bank President Christine Lagarde held a monetary policy press conference. The 2025 Financial Street Forum Annual Meeting was held from October 27 to 30. South Korea hosted the 2025 Asia-Pacific Economic Cooperation (APEC) Leaders' Summit, which runs until November 1. President Xi Jinping traveled to Gyeongju, South Korea, from October 30 to November 1 to attend the 32nd APEC Economic Leaders' Meeting and pay a state visit to South Korea. The Bank of Japan announced its interest rate decision and economic outlook report. ③ Financial reports: BYD Co., Apple, and Amazon. 5. Friday: ① Data: Japan's September unemployment rate; China's October official manufacturing PMI UK's October Nationwide House Price Index (monthly rate); Switzerland's September real retail sales (yearly rate); France's October preliminary CPI (monthly rate); Eurozone's October preliminary CPI (monthly rate); Canada's August GDP (monthly rate); US Q3 labor cost index (quarterly rate); US October Chicago PMI; US September core PCE price index (yearly rate); US September personal spending (monthly rate); US September core PCE price index (monthly rate). ② Events: Speech by Dallas Fed President Logan, a 2026 FOMC voting member; APEC Leaders' Summit; Bank of Italy, Bank of England, and Bank of France jointly host the 11th International Macroeconomic Symposium. 6. Saturday : ① Data: US oil rig count for the week ending October 31. ② Event: Atlanta Fed President and 2027 FOMC voting member Raphael Bostic attended a seminar; the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit was held. 7. Sunday: ① Event: North America began implementing Daylight Saving Time (DST), with US and Canadian financial market trading hours and economic data releases delayed by one hour compared to DST; the eight OPEC+ member countries held their monthly oil policy meeting.

Hong Kong tech stocks opened higher, with Alibaba (09988.HK) up 3.86%, Baidu (09888.HK) up more than 3%, and Bilibili (09626.HK) up nearly 3%.