Japan's Nikkei index slid as much as 2.00% intraday.

The PBOC, after introducing multiple structural monetary measures earlier this year, has further adjusted several monetary-policy tools. Experts said the two packages of structural measures issued so far are targeted, practical steps to guide financial institutions to better serve the real economy and to help institutions adapt to economic restructuring and expand financial services. As the integration effect of stock and flow monetary measures strengthens, the financial system will continue to provide robust support for high-quality real-economy development.

Semafor reports the Trump-Putin agreement to supply Russian diesel to global markets is drawing strong opposition inside the Republican Party—multiple House Republicans, leading GOP candidates and two bipartisan Senate groups have objected. Former National Security Council economist Chris Kennedy says the deal would have a negligible effect on U.S. diesel prices; Russia’s pledged November release is roughly equivalent to one day of U.S. diesel demand.