European Central Bank Governing Council member Radev stated that the pause in interest rate hikes in October does not signify the end of the tightening cycle.

South Korean President Lee Jae-myung, speaking at a cabinet meeting on November 3, addressed the recent multi-billion dollar cryptocurrency theft at Binance, calling for the establishment of an intergovernmental cybersecurity coordination agency to coordinate security efforts across the public and private sectors. Lee stated that the existing security system has limitations and a proactive prevention mechanism must be established. South Korea's National Intelligence Service has already conducted emergency security checks on more than 2,100 central and local government departments and public institutions. (Source: Reuters)

Spot gold fell below $3,910 per ounce, down 0.91% on the day. The spot gold price on Tonghuashun is currently at 841.0 yuan per gram, down 0.56%.

On November 3, A-share optical module stocks fell. New Easun closed at 173.68 yuan, down 9.30%; InnoLight Technology closed at 487.40 yuan, down 11.38%; and Tianfu Communication closed at 124.29 yuan, down 12.32%.

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