China Oct Retail Sale (YoY) 2.9% (exp 2.7%) & Industrial Production (YoY) 4.9% (exp 5.5%) Chinese economic activity data for October 2025
US, South Korea unveil deal with major investments, tariff cuts and defence expansion The agreement has significant implications for shipbuilding, autos, defence and high-value manufacturing supply chains.
Intervention: South Korea won-stabilising measures after currency sinks to seven-month low Seoul signals it is ready to defend the won as structural dollar pressures and trade-deal uncertainty weigh on the currency.
China October new house prices -2.2% y/y (prior -2.2% also) China October new house prices ... vicious cycle goes on (and on)
SK boosts EV subsidies 20% to 936B won amid US tariffs. Auto exports hit $70.8B, Hyundai faces 15% tariff risk.
PBOC sets USD/ CNY reference rate for today at 7.0825 (vs. estimate at 7.0964) PBOC CNY reference rate setting for the trading session ahead.
Renewables face backlash & rising costs. Ørsted slashes jobs, Shell exits projects. Energy security trumps green returns.
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