Bank of Japan says completing sale of its ETF holdings would take about 43 years, compared with about 112 years previously.

China tech valuations have retreated to near-historical lows after a sharp correction. Improving liquidity, sustained industry momentum and concentrated institutional bullishness are cited as buying opportunities in oversold domestic hard-tech areas including semiconductors, AI hardware and optical modules. Across the electronics, communications and computer sectors, 27 stocks with market caps above CNY20 bln have at least five analyst coverages and a consensus forecasted upside exceeding 100%. Historically, low-valuation names have shown higher likelihood of rebound. Analysts project 2027 P/Es for Jianqiao Technology, Jiangbolong, Xinyisheng and Zhongji Xuchuang to be in the single digits.

EU energy ministers met on the 29th with gas prices the primary focus as Europe faces a difficult heating season. European benchmark gas futures topped €100/MWh, the first time since December 2022. EU Energy and Housing Affairs Commissioner Jorgensen warned of "another energy crisis", saying more than 50 million Europeans may be unable to afford winter heating. A typical gas-heated household faces an estimated additional energy bill of about €600 for the November–March heating season, rising to roughly €715 including taxes. Jorgensen said the squeeze is in some respects worse than in 2022 because high prices now extend beyond gas to petrol and diesel, and will feed through to transport, industry and consumer goods, adding pressure to the European economy.