---
title: "Global news you need to know before the U.S. stock market opens on Thursday"
description: "China and the United States will hold economic and trade consultations in Malaysia from October 24 to 27. International crude oil prices surged, and Trump announced sanctions against Russian oil giant"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262448822.md"
published_at: "2025-10-23T13:11:02.000Z"
---

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

> China and the United States will hold economic and trade consultations in Malaysia from October 24 to 27. International crude oil prices surged, and Trump announced sanctions against Russian oil giants. The European Union passed a new sanctions plan against Russia, banning the import of liquefied natural gas. Japan's largest labor union is demanding a 5% wage increase. Prices of storage chips have risen, with Samsung and SK Hynix increasing prices by 30%. Tesla's conference call disappointed the market, while Volvo's Q3 profits exceeded expectations, with stock prices soaring by 41%. The United States established a critical minerals fund with a target size of $5 billion. The Nikkei 225 closed down 1.4%, while the Shanghai Composite Index closed up 0.22%

China and the United States will hold economic and trade consultations in Malaysia from October 24 to 27.  
International crude oil prices surged, and Trump announced sanctions against Russian oil giants.  
Zahharova responded to Trump's confirmation of the cancellation of the "Putin meeting": Noting the statement, Russia is willing to continue contact.  
The European Union passed a new sanctions plan against Russia, banning the import of liquefied natural gas starting in 2027, and for the first time including cryptocurrency platforms in the sanctions.  
Unmoved by high tariffs, Japan's largest labor union still demands a 5% wage increase, striving for significant raises for four consecutive years.  
The "super cycle" of storage chips accelerates: Samsung and SK Hynix both raise prices by 30%, with some customers locking in 2-3 year long-term contracts.  
The Tesla conference call disappointed the market, as Musk lowered the targets for robots and Robotaxi, stating that "Tesla is at a critical moment."  
Volvo's Q3 profit growth exceeded expectations, with stock prices soaring 41%, marking the best increase since its listing.  
Airbus, Thales Group, and Leonardo Company signed an agreement to jointly develop satellites.  
The United States established a critical minerals fund with a target size of $5 billion.  
"Market prediction leader" Polymarket seeks to raise funds at a valuation of $15 billion.  
Nikkei 225 fell 1.4%, while the Shanghai Composite Index rose 0.22%; the Hang Seng Index rose 0.72%

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
