China A-share speed-reducer sector fell in early trade; Xiangyang Bearing hit the daily down limit, with Guangyang Co., Mingyang Technology, Jinyang Precision, Ningbo Dongli and Henghe Precision also sliding.

On Nov. 3, 2026 China's ambassador to the US, Xie Feng, said mutual respect is needed to solidify trust in China-US economic and trade cooperation. He noted eight rounds of bilateral trade consultations since last year; the September round produced 10 outcomes, including establishment and advancement of a trade council mechanism, roughly $30 billion of reciprocal tariff reductions, and a deferral of implementing outcomes from Kuala Lumpur trade talks. Xie said the measures were negotiated on the basis of mutual respect and equal consultation, aim to address market and industry concerns, and should provide a more stable, predictable operating environment for companies. He added that mutual respect is necessary to build understanding and trust, expand the cooperation agenda and compress the list of outstanding issues.

President Trump, asked how he would handle Iran after the election, said we'll see.