Australian S&P/ASX 200 opened up 29.80 points, or 0.34%, at 8,879.90 on Wednesday, Oct. 28.

The UNCTAD- and Qatari government-hosted 9th World Investment Forum ran Oct. 25–27 in Doha. China's minister-level international trade negotiator and MOFCOM vice minister Li Chenggang told a high-level session on reshaping global value chains that the world recovery is weak, cross-border investment is sluggish, and GVCs are becoming fragmented and politicized, marginalizing developing countries amid a lack of coordinated investment policy. Li said China will pursue multilateralism, push its Global Development and Global Governance initiatives, promote value-chain cooperation and openness to boost resilience, and actively support digital and green upgrading and developing-country integration into GVCs.

RBNZ held the official cash rate at 2.75% on Oct 28, versus market expectation of 3.00%; prior 2.75%.