Beijing Stock Exchange 50 index rose over 3%, led by Tonghui Electronics, Huami New Materials, Nakonor, Parallel Technology and Wantong Hydraulics. CSRC chairman Wu Qing announced measures including a Beijing Stock Exchange 50 ETF, market-cap‑based allocation for new BSE listings and new innovation‑evaluation standards.

ZEW says the German economy is slowly emerging from stagnation, but the recovery is not self-sustaining.

On Oct 19 local time Yemen’s Houthi movement said it carried out six military operations against Saudi Arabia in the past 48 hours, employing large numbers of ballistic missiles, cruise missiles and drones. The group said Saudi forces conducted more than 200 air and missile strikes in the same 48-hour period, targeting Sanaa and other areas’ civilian facilities and causing dozens of casualties, the majority women and children. It added that total air and missile strikes since Saudi escalation began have exceeded 2,700.