Indonesia's Jakarta stock market extended losses to 2.8%.

Oct 29 — At a routine briefing, Chinese defence ministry spokesman Zhang Xiaogang criticised recent US‑Japan Lijian‑27 joint exercises, saying they focused on island seizure. He said Japan deployed a Type‑25 land‑based anti‑ship missile to the drills and the US Marine Corps’ expeditionary shipboard intercept system was for the first time deployed to Yonaguni Island, the island closest to Taiwan. Zhang said Japan’s alignment with certain countries, development of mid‑ and long‑range missiles, and strengthened military deployments on the southwest islands amount to re‑militarisation and are becoming a real security threat to the region. He reiterated that Taiwan is an internal Chinese matter, warned external forces not to interfere, and cautioned that attempts to use Taiwan to contain China or to carry out military provocations would meet China’s firm resolve, strong capability and would exact an unbearable price.

Putin says Russia is prepared for war but does not want one.