China's stock market experienced significant volatility, prompting the central bank to launch a 500 billion yuan swap facility to boost liquidity. The move comes amid concerns over economic challenges and production overcapacity. Taiwan's Double Ten National Day celebrations saw President Lai Ching-te emphasizing Taiwan's independence from China in his first address, stating that the PRC has no right to represent Taiwan. Meanwhile, Xi Jinping extended greetings to the elderly on the eve of China's Seniors' Day and encouraged the Red Cross Society to enhance humanitarian services. The day also saw discussions on deepening ASEAN market integration and potential trade tensions with Europe. A draft law to elevate and protect China's private sector was introduced, signaling efforts to boost economic confidence.