China's economy showed signs of stabilization in October as stimulus measures began to take effect, with the highest retail sales growth in eight months indicating boosts in key sectors. The National Bureau of Statistics reported notable economic recovery and increased market confidence, with improvements in business and consumer sentiment. The housing market also showed signs of picking up. Financial markets displayed volatility amid reassessments of further stimulus and guidance on boosting corporate valuation. Equities in China and Hong Kong rebounded from last week’s selloff, with the Hang Seng Index gaining 1% and the Hang Seng Tech Index up 1.32%. The FTSE China A50 Index Futures rose over 2% intraday, while the SHFE's most active Freight Index (Europe Route) Futures climbed more than 4% to 3,314.8 points. However, some indices reflected declines, with the Shanghai Composite Index turning negative, the Shenzhen Component Index falling 2%, and the ChiNext Index down 2.63%. CSI 300 Stock Index Futures decreased by 0.52%, CSI 500 Futures dropped 1.67%, and CSI 1000 Futures fell 2.63%, though the SSE 50 Futures edged up 0.25%. Turnover on the Shanghai and Shenzhen stock exchanges exceeded 1.5 trillion yuan for the 22nd consecutive trading day. Southbound net buying via Stock Connect reached 13 billion yuan, as nearly 77% of foreign investors gained access to mainland stock and over half to bond markets through the Hong Kong-Mainland Stock Connect and Bond Connect programs. Despite these positive signs, Chinese equity funds have seen an all-time high of $21 billion withdrawn over the past five weeks, indicating some investor caution.