U.S. EIA November forecast: average Brent price for the year $97.44/bbl, prior $96.32/bbl.

YONHAP reported Samsung Electronics closed up 4.74% at KRW 198,900 and SK Hynix rose 6.69% to KRW 1,212,000. Both stocks posted a second consecutive daily gain and are up 5.40% and 7.06% week-to-date. Their combined market capitalization returned above KRW 2,000 trillion after three trading days. YONHAP cited an overnight US tech-led rally and a sharp drop in oil prices as supporting investor sentiment.

Iraq’s Border Ports Authority said on Nov. 10 the Shib crossing with Iran, closed on Oct. 21 for technical reasons, has reopened after meeting technical requirements and completing required procedures. The Mandali crossing will be temporarily closed from the morning of Nov. 13 for technical work and maintenance.