South Korea's finance minister said the stock market is overreacting to external factors.

Nov 3 — The State-owned Assets Supervision and Administration Commission (SASAC) held a Beijing forum on deepening local SOE reform and set out priorities. It called for deeper integration of technological and industrial innovation, stronger coordination of basic research and bigger incentives for researchers. SASAC said it will support firms to pragmatically and within capacity攻關 key core technologies and industry-common technologies and to streamline commercialization channels, promoting use-driven research and tighter research‑to‑application links to accelerate conversion of scientific results into productive capacity. It ordered full-coverage inspections and rectification of prominent common reform problems, and the development of mechanisms to treat both symptoms and root causes and institutionalize long-term fixes. SASAC also directed deeper Party governance in SOEs, urging integration of Party building with production and operations to advance stricter enterprise governance and to strengthen, optimize and expand state-owned enterprises and state capital.

Stoxx Europe 600 index has turned lower, down 0.23% on the day.