FUNTI · MORNING BRIEF
Today, start with these 9
October 29, 2026 · Mobile edition
01 HIGHLIGHTS
The Fed held rates steady overnight — but no longer unanimously
The FOMC voted 10–2 to keep the federal funds rate at 3.75%–4.00%; Governors Cook and Hammack dissented, favoring a 25 bp hike.
Today is the window to lock in long-dated USD receivables, not the day to reprice quotes.
02 HIGHLIGHTS · CHINA
Electric two-wheeler exports are still accelerating
Per China Customs, electric motorcycles and bicycles exports rose 31.5% YoY in H1 2026, with Jan–Feb export value at USD 1.363 billion, up 46.2% YoY, extending the 2025 full-year record of 26.74 million units / USD 6.833 billion.
The incremental game is higher unit price plus compliance, not volume at low price.
03 RAW MATERIALS
Lithium carbonate
No valid close in early trading today — hold the baseline.
CNY 100,000/t is the bull-bear line — before it holds, lock prices only in small batches.
04 RAW MATERIALS
Steel & magnets
No fresh quotes, but the rare-earth pause window is in final countdown.
only 12 days remain until the November 10 suspension of rare-earth export controls expir …
05 RAW MATERIALS · CHINA
FX: the fixing sits near a 3.5-year low
6.7165 (52-week low 6.7162); Bank of China today (Oct 29) spot cash buy 6.6549, sell 6.6829; October 28 forward board: 6-month buy 6.5551, sell 6.5891
with the FOMC behind us and the RMB strong
06 OVERSEAS · MEXICO
Mexico waives auto-parts import duties for five years
Mexico exempts auto parts from import duties for five years starting October 14.
A material benefit for CKD/parts exports to Mexico — but exactly which tariff lines the …
07 OVERSEAS
Bolivia opens a zero-excise window for electric motorcycles
Bolivian Supreme Decree No.
another zero-duty window in South America
08 OVERSEAS · VIETNAM
Vietnam's "duty-free parts" and "new battery standard" must be read togeth …
An industry feasibility study confirms Vietnam exempts imported parts for EV production from tariffs from 2022 through 2027, with no mandatory local-content requirement.
knocked-down bodies plus locally compliant batteries is the optimal Vietnam play — kee …
09 OVERSEAS · PHILIPPINES
The Philippines extends zero tariffs to 2028
The Philippines extended zero-tariff treatment for EVs and parts to 2028; under the EVIDA act, the CREVI roadmap targets 2.5 million EVs and 20,400 charging stations by 2040.
a long policy runway in a small, fast-growing market (EV sales from under 1,000 units …
FUNTI · Taizhou Fangxiang Technology Co., Ltd. · Auto-generated
Figures are compiled from public market sources; verify before commercial use.
