Today’s News Summary — 2026-07-31
KOSPI drops below 5,600 following consecutive circuit breakers; the Fed decides on interest rate hikes; an earthquake in Japan claims over 18 lives; Uganda declares the end of its Ebola outbreak.
Domestic Key Issues
KOSPI Plummets, Regulatory Review for Single-Stock Leveraged Products
The KOSPI has fallen to the 5,600 level after triggering a circuit breaker for the second consecutive day—a first in history. The government is now pushing for regulatory reforms on single-stock leveraged products, which have been identified as a key driver of the increased market volatility.
Early Morning Rally Followed by Sharp Decline
The Korean stock market showed signs of a rally right after opening, but soon saw its losses expand, ultimately shifting into a downward trend.
Business & IT Trends
U.S. Provides AI Semiconductor Subsidies to GlobalFoundries
The U.S. government is providing approximately $300 million (about 435.6 billion won) in funding to domestic foundry company GlobalFoundries to support the U.S.-based development of silicon photonics and CPO (Chiplet Photonic Optical) technologies for AI data centers.
Meta Apologizes After Temporarily Deleting Indian PM’s Facebook Video
Meta apologized after briefly deleting a Facebook video featuring Indian Prime Minister Narendra Modi. Meanwhile, Hindustan Unilever reported a decline in net profit, and the Delhi High Court ordered the liquidation of Paytm Payments Bank.
Global News
Over 18 Dead in Japan Earthquake, Rescue Operations Underway
A powerful earthquake in Japan has left at least 18 people dead, including one foreign national. Soldiers and emergency responders are currently conducting search and rescue operations through severely damaged shopping malls and collapsed homes to find trapped survivors.
Uganda Declares End to Ebola Outbreak
Uganda has officially declared the end of its latest Ebola outbreak.
France and Spain Struggle to Contain Wildfires Amid Heatwave
France and Spain are mounting emergency responses to prevent the spread of wildfires fueled by an intense heatwave.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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