Bank of England Governor Bailey said encouraging developments over the past 48 hours do not mean we can rule out the need for further rate hikes.

South Korea's finance ministry said on Thursday that Finance Minister Lee Hyoung-il will closely monitor US AI-related policy and regulatory changes following the midterm elections. After a meeting with key economic policymakers, the ministry added it will also watch for shifts in US tariff policy and developments in the Middle East, and that authorities will prepare for potential financial-market volatility and respond to external shocks to help maintain stable economic growth.

China A-share semiconductor-equipment ETFs managed by Guangfa, Guotai and E Fund rose over 6%. Component stocks: NAURA Technology climbed over 4%; Advanced Micro‑Fabrication Equipment Inc. (China) and Tuojing Technology also advanced.