Leapmotor International CEO said the company is in ongoing talks with Stellantis on future localized production. Madrid is an option but not confirmed; other sites, including locations outside Spain, remain under consideration.

Industrial and Commercial Bank of China (ICBC) shares hit an intraday record high, trading up 2.07% at 8.38 yuan.

Challenger chief economist Jonathan Karns said the RESERVE BANK OF AUSTRALIA's chance of a November rate increase is roughly 50/50. Employment data due Thursday and Q3 inflation due Oct. 30 will inform the decision. He said policy risks remain skewed toward tightening and the RBA cannot tolerate another uptick in inflation. If Q3 trimmed-mean inflation reaches 0.9%—above the prior two quarters' 0.8%—that would prompt a rate rise, he added, and failure to act would cast doubt on the bank's commitment to its inflation target.