德國智庫ZEW：德國經濟正緩慢走出停滯，但復甦並非自我維持。

Demand at Tuesday's auction of Japan 20-year government bonds set a record: bid-cover ratio 5.84, versus 4.01 at the prior auction and a 12-month average of 3.73. The auction tail — the gap between the average accepted price and the lowest accepted price — tightened to 0.07 from 0.15 last month, signalling strong takedown. Ultra-long JGB yields have risen to multi-decade highs (20-year yields reached roughly a 30-year high earlier this month; 30-year yields hit a record), while escalating Middle East tensions and higher oil prices have driven global bond selling and amplified investor worries about inflation and fiscal positions.

At the close on Oct 20 (Tue), China's Shanghai Composite Index rose 4.45 points (+0.12%) to 3,735.37; Shenzhen Composite Index fell 16.13 points (-0.14%) to 11,801.29; CSI 300 Index fell 22.43 points (-0.54%) to 4,152.11; ChiNext Index fell 7.09 points (-0.26%) to 2,739.20; STAR 50 Index rose 13.23 points (+1.00%) to 1,342.42.