Australia's S&P/ASX 200 closed up 24.0 points (+0.27%) at 8,880.50 on Nov 3.

He Lifeng, director of the Central Financial and Economic Affairs Office, met in Beijing on the 2nd with Vietnamese Politburo member and policy chief Ruan Qingyi to discuss bilateral economic relations and trade cooperation. He said China will work with Vietnam to implement the consensus reached by General Secretary Xi Jinping and General Secretary Su Lin, deepen strategic communication, expand economic exchanges and policy coordination, and advance the China-Vietnam community of shared future. Ruan said Vietnam is willing to align development strategies and strengthen trade and economic cooperation to further develop bilateral party and state ties.

JP Morgan co-president Pinto says AI sector valuations remain elevated.