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Mobility

BYD nears unveiling $300,000 ultra-luxury electric sedan, solid-state battery in focus

China\'s BYD is expected to unveil an ultra-luxury electric sedan in the United Arab Emirates in early November. The new flagship model from its top-end Yangwang brand could feature a solid-state battery and rear-hinged coach doors, though specifications have not been confirmed. Reports said it may be revealed in Dubai around Nov. 5. Pricing is expected to be about $300,000, well above Yangwang’s existing lineup.

Finance

Korean financial groups post third-quarter results as stock market outlook hits zero visibility

Korean financial holding firms and banks continued to release third-quarter results, with Woori Bank posting its biggest quarterly net profit on record and Hana Financial Group lifting year-to-date profit on higher fee income. Brokerages faced weakening profitability as trading value fell and market rates rose, adding valuation loss pressure in trading. The Bank of Korea held its policy rate at 3.00 percent, while competition in retirement pensions and expanded support for small firms continued.

Crypto

Bitcoin fights to hold $80,000 ahead of FOMC, big tech earnings and data

Bitcoin is trying to defend the $80,000 level ahead of the U.S. Federal Open Market Committee rate decision, U.S. inflation and growth data, and earnings from major technology companies. Markets largely expect rates to be held at 3.75 to 4 percent, while attention is on Chair Kevin Warsh’s comments. Weakness in technology shares is also weighing on sentiment. Bitcoin is on track for a monthly drop and faces resistance near $87,000.