U.S. President Trump said he had just spoken with Israeli Prime Minister Netanyahu and they discussed Iran.

Hong Kong markets at the open on Monday, Nov. 2: Hang Seng Index (HSI) up 7.32 points (+0.03%) at 23,301.74; Hang Seng Tech Index up 20.7 points (+0.55%) at 3,775.6; Hang Seng China Enterprises Index (HSCEI) up 14.35 points (+0.18%) at 7,876.57; Red Chip Index down 14.8 points (-0.38%) at 3,905.14.

South Korea's KOSPI recovered early losses to finish higher on Monday, rallying more than 1% intraday after an initial drop near 2% amid Wall Street weakness and concerns about large AI-related corporate spending. October exports nearly doubled YoY, the largest gain in over 50 years, led by stronger chip shipments tied to global AI investment; Kiwoom Securities said the market looks oversold while fundamentals and earnings prospects are improving, and the export beat increases the chance of upward revisions to consensus earnings. A separate survey showed manufacturing activity slowed to an eight-month low on weaker output and demand. South Korea's Lee pledged bold AI investment to raise growth potential.