China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
UK Foreign Minister David Lammy Expands Security Cooperation with South Korea and Indonesia
UK Foreign Minister David Lammy is set to enhance Britain’s security ties with South Korea and Indonesia during his visit to both nations. A key part of his discussions will focus on regional stability, the ongoing Ukraine conflict, and the global transition to clean energy.
Strengthening Ties with South Korea
Lammy's visit to South Korea follows recent tensions sparked by Ukraine’s President Volodymyr Zelensky’s claims that North Korea may send 10,000 troops to assist Russia in its ongoing war efforts. Although NATO Chief Mark Rutte has confirmed there is no current evidence of such involvement, concerns persist about Pyongyang’s activities, especially following a series of North Korean missile tests this year.
In a statement, Lammy praised South Korea's support for Ukraine and its efforts to maintain stability on the Korean Peninsula. He emphasized the "interconnectedness of conflict," noting that North Korea’s backing of Russia complicates European security and threatens regional peace.
Diplomatic Efforts in Indonesia
Lammy’s visit to Indonesia coincides with the inauguration of President-elect Prabowo Subianto in Jakarta. The minister is expected to strengthen security cooperation, as Indonesia is a key G20 member and an important ally in Southeast Asia.
As part of his visit, Lammy will also tour South Korea’s Demilitarized Zone (DMZ), a significant symbol of regional tension and security efforts.
