Ganfeng Lithium shares fell, with A-shares down more than 1% and H-shares off over 6%, after the company reported first-nine-month parent net profit of about CNY5.012 bln, up 19,540.5% YoY.

US producer prices surged in September, signaling energy-driven pass-through and persistent inflationary pressure. The US Bureau of Labor Statistics said PPI rose 1.3% MoM and 6.3% YoY. Core PPI excluding food and energy rose 0.7% MoM and 5.0% YoY. Fuel price gains were a key driver. A separate Wednesday report showed a key consumer-price gauge exceeded forecasts, and a six-month expected input-price measure climbed to its highest level since 2022, suggesting price pressures may remain elevated in coming months. The data may prompt Fed officials to continue tightening policy in the months ahead, with living costs already a central issue weeks before mid-November elections.

Fed Chair Kevin Warsh said AI may be the most significant change to the U.S. and global economy.