Japan broad money (M2) YoY 4.3% in September, down from 4.4% previously.

China A-share snow-economy sector extended gains over several sessions; Jingxue Jieneng rose over 18%, Bingshan Lengre hit the daily limit-up, Xueren Group gained more than 9%. Dalian Shengya, Longjiang Jiaotong, Ousheng Electric and Changbaishan also advanced.

The Ifo Institute said on Tuesday that tighter limits on access to training data for AI models could reduce Germany’s potential annual value added from generative AI by €155 bln. Ifo estimates generative AI could raise German output by about €440 bln per year by 2034; restrictions on training data would cut that gain by €155 bln. Ifo expert Oliver Falck said anyone aiming to build leading European AI models should not impose unnecessary limits on access to training data.