India's oil import bill in October was $22.82 billion.

On Nov. 13 at its Q3 results meeting, SMIC co-CEO Zhao Haijun said near-term industry certainty centers on two points: AI demand could lengthen the semiconductor upcycle and change growth structure and cycle dynamics; and large-scale, ongoing localization of the full industry supply chain. SMIC plans to leverage strategic ties with Chinese customers and faster customer-led innovation to strengthen specialized and customized process capabilities, expand capacity driven by customer demand, and prioritize a high-value product mix to preserve EBITDA (operating cash-flow capacity), tighten cost control, lift operational efficiency and bolster resilience across cycles for higher-quality, sustainable growth.

A-share 'Zhong' concept stocks saw pockets of afternoon strength. Zhongcheng Co. jumped to its daily limit; China Railway Assembly, Zhongshi Media, China Textile Standards, China Haicheng and COFCO Tech & Industry also rallied.