Spot palladium fell 2% on the day and is now trading at $1,112.06 per ounce.

Citigroup: Lowered its target price for Baidu (BIDU.O) to $178 from $182.

Japanese Vice Minister of Finance Masato Kanda: It would be better if we didn’t have to take any action in the foreign exchange market.

Nokia CEO: The situation in the North American market is the most severe.

Nokia CEO: The market has been really weak recently.

Japanese Vice Minister of Finance Masato Kanda: If there are excessive fluctuations in the foreign exchange market, we can take action in accordance with international agreements.

Makoto Kanda, Deputy Minister of Finance of Japan: If we do not take action, excessive exchange rate fluctuations may harm vulnerable groups.

TSMC’s capital expenditures in the first nine months of 2023 totaled US$25.21 billion.

TSMC’s third-quarter EPS was NT$8.14, a year-on-year decrease of 24.9%.

Japanese Vice Minister of Finance Masato Kanda: If excessive foreign exchange fluctuations occur, appropriate measures will be taken.

Japanese Vice Minister of Finance Masato Kanda: Real-time confirmation of foreign exchange intervention may become noise (disturbing the market).

Japanese Vice Minister of Finance Masato Kanda: The exchange rate must stably reflect fundamentals.

TSMC’s third-quarter gross profit margin was 54.3%, compared with market expectations of 52.9%.

TSMC’s third-quarter capital expenditures reached $7.1 billion.

Japanese Vice Minister of Finance Masato Kanda: We do not confirm that foreign exchange intervention is more normal.

Makoto Kanda, Financial Officer of the Ministry of Finance of Japan: There are many factors that determine the trend of the foreign exchange market, and interest rates are only one of them. Monetary policy is generally stable.

Masato Kanda, Deputy Minister of Finance of Japan: The foreign exchange swap arrangement between Japan and South Korea highlights the two countries’ commitment to stabilizing regional financial markets.

Japanese Vice Minister of Finance Masato Kanda: ASEAN+3 should establish an emergency lending mechanism to provide quick borrowing to people in need in the region.