Global news you need to know before the U.S. stock market opens on Friday

In October, China's industrial added value above designated size increased by 4.9% year-on-year, with declines in steel and cement production, while high-tech manufacturing showed good growth. The release schedule for key U.S. economic data has been confirmed! September non-farm payrolls may be announced next week, PCE will be released on November 26, and the Labor Department stated it is uncertain whether the October CPI will be published. The Korea-U.S. trade agreement is finalized: South Korea will invest $350 billion in the U.S. in exchange for tariff reductions and concessions on nuclear technology. The AI boom in Asia is cooling down, with foreign capital withdrawing from the Japanese and South Korean stock markets at the fastest pace in seven months. Bridgewater cut its Nvidia holdings by 65% in Q3, halved its positions in Google and Meta, increased its holdings in U.S. large-cap indices, and completely exited emerging market ETFs. Supply shortages are worsening, with reports that Samsung's memory chips have increased in price by 30%-60%. After Jensen Huang's visit to Taiwan to "seek production capacity," TSMC urgently added expansion plans? It may raise its capital expenditure for 2026. In Q3, production was nearly at full capacity! SMIC's Zhao Haijun stated that demand will still exceed supply in Q4, expecting annual revenue to exceed $9 billion. The Nikkei 225 closed down 1.8%, the Shanghai Composite Index closed down 0.97%; the Hang Seng Index closed down 1.85%