ECB Governing Council member Nagel said September inflationary pressures were higher than expected and the outlook is approaching an adverse scenario.

China State Planner said it will accelerate modernization of the circulation system during the 15th Five-Year Plan, aiming to speed distribution of key commodities and remove 'invisible fences' that impede flows. Planned measures include boosting bulk commodity storage, transfer and distribution capacity; expanding direct bulk freight trains and accelerating rail–water intermodal organization to quicken goods movement; revising rules and standards for trade logistics, e-commerce and agricultural product circulation; promoting interconnection and rule alignment among logistics, market information and trading platforms; and strengthening resource and factor support for the distribution sector.

China's Shanghai Composite Index opened down 2.71 points (-0.08%) at 3,605.39 on Wednesday, Nov. 4; Shenzhen Composite Index opened up 18.81 points (+0.17%) at 10,895.80; CSI 300 Index opened down 1.52 points (-0.04%) at 4,007.35; ChiNext Index opened up 7.81 points (+0.33%) at 2,399.46; China Sci-Tech Innovation 50 (STAR 50) Index opened up 1.06 points (+0.09%) at 1,152.34.