Most-active international copper contract rose over 2.00% intraday, trading at 100,220.00 yuan/ton.

Zhongtai Securities says the China tech rally has entered a right-side launch stage and recommends continued offensive exposure to tech manufacturing, small caps and non‑ferrous metals, with energy-security positions used to hedge tail risk. Medium-term focus: STAR 50, domestic semiconductor equipment, memory, the CSI 2000 and micro-cap indices. Non‑ferrous metals and gold retain allocation value. Maintain tech exposure into the holiday; a material fall in oil prices and improvement in external liquidity would further reinforce the rally. Thematic focus: AI applications and edge devices.

Economist James McIntyre says the Reserve Bank of Australia is likely to raise its policy rate next week and has warned a further hike in November is possible as a surge in energy prices has clarified upside inflation risks. In a report titled 'RBA Insights: Energy shock returns RBA to a tightening path', McIntyre — who had earlier expected the RBA to remain on hold for the rest of 2026 — said repeated hawkish signals indicate the bank's limited patience is nearly exhausted. Further energy-price increases could prompt firms to pass higher input costs on to consumers.