Iran's foreign minister Araghchi phoned Brazil's foreign minister to congratulate Lula on winning Brazil's 2026 presidential election; they exchanged views on key regional issues and recent international developments.

On Oct 27 combined turnover on the Shanghai and Shenzhen exchanges was CNY1,460.96 bln, down CNY147.84 bln from the prior session. Shanghai turnover was CNY672.41 bln (prior CNY746.53 bln) with volume 418 mln lots (prior 433 mln); Shenzhen turnover was CNY788.54 bln (prior CNY862.27 bln) with volume 522 mln lots (prior 543 mln). Changxin Technology posted the highest stock-level turnover at CNY15.11 bln, followed by Zhongji Xuchuang CNY14.01 bln, Xinyisheng CNY11.43 bln, CATL CNY8.81 bln and WuXi AppTec CNY8.58 bln.

Russian seaborne crude exports averaged 3.55 mln bpd over the four weeks to Oct 25, down 30,000 bpd from the four-week period to Oct 18 and the lowest level in five weeks. Weekly flows showed a rebound: 12 tankers departed Primorsk last week versus four the prior week; the port had earlier recorded three consecutive days with no arrivals or departures, interruptions typically linked to equipment maintenance. Reduced Kyiv attacks on Russian refineries have allowed Moscow to raise refinery runs, potentially diverting barrels from export to domestic processing; no refinery strikes were reported in the seven days to Oct 25. Russia, Ukraine and the US are pushing to open tripartite talks.