Sou Hu Cai Jing·2025-10-23 00:37Market Review - Japanese and South Korean stock markets opened lower on October 23, with the Nikkei 225 index down 0.99% at 48,820.95 points and the KOSPI down 1.41% at 3,828.97 points [5] - On October 22, all three major U.S. stock indices closed lower due to increased trade uncertainties and disappointing corporate earnings, with the Dow Jones down 0.71%, the S&P 500 down 0.53%, and the Nasdaq down 0.93%. Notably, Netflix fell over 10%, marking its largest single-day drop since April 2020 [5] - European stock indices mostly declined, with the FTSE 100 up 0.93% at 9,515 points, while the CAC 40 and DAX indices fell by 0.63% and 0.74%, respectively [5] - In the international precious metals market, both gold and silver prices fell to two-week lows, with gold trading around $4,080 per ounce, down approximately $300 from its historical high of $4,381.484 on October 20, and silver trading around $48 per ounce [5] International Macro - As of October 21, the total U.S. federal government debt exceeded $38 trillion for the first time, just over two months after reaching $37 trillion in mid-August [6] - The Federal Reserve is reportedly planning to introduce new regulations that would significantly ease capital requirements for large banks, with estimates suggesting an overall capital requirement increase of only about 3% to 7% for most large banks [6] Corporate News - Google announced a breakthrough in quantum algorithms, with its research team developing a new algorithm named "Quantum Echo." This algorithm can compute molecular structures in a quantum manner, operating 13,000 times faster than the best supercomputers in the world [8]