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• The KOSPI index rebounded by over 2%, marking its first gain in three days as investors engaged in bargain hunting following a sharp short-term decline. • This recovery occurred despite overnight losses in the New York stock market, which were triggered by escalating geopolitical tensions between the United States and Iran. • The rebound is primarily attributed to a shift in sentiment among foreign investors who viewed the recent price drops as an opportunity to buy undervalued assets.

• On July 20, the KOSPI closed down 4% in the 6500 range, while the KOSDAQ plunged 5%, triggering sell-side sidecar measures on both markets. • Market sentiment in the semiconductor sector was severely weakened by Kioxia's U.S. patent lawsuit defeat, which resulted in compensation orders exceeding 300 billion won. • Additional downward pressure came from news that Moonshot is preparing for an IPO on the Hong Kong stock market.

• Chinese startup Moonshot AI has released Kimi K3, a powerful new AI model that is gaining significant attention from the global tech community. • Dean Ball, OpenAI's head of strategic futures and a former Trump administration official, described the model as "good" and expressed surprise at its open-source nature. • The release is notable because it demonstrates China's rapid progress in developing frontier AI models that can compete with Western technology.

Drivers in West Midlands said heat in cabs was ‘unbearable’ and threatened employee and passenger safetyBus drivers in the West Midlands have spoken out about the “horrendous” working conditions they have experienced during heatwaves, which led to 40C temperatures in their cabs.The UK was hit by high temperatures and dry weather in three successive heatwaves, in which temperatures topped 37C in June, when the country recorded its hottest ever June day. Last week, the Met Office warned climate extremes are becoming the “new ‘normal’ for the UK”. Continue reading...

• Activist Sonam Wangchuk is prepared to end his indefinite hunger strike on Monday if political leaders provide a formal assurance. • His wife, Gitanjali J Angmo, stated that the condition for ending the fast is a commitment to debate education system accountability during the Monsoon Session of Parliament. • This demand highlights the urgent need for legislative oversight and reform regarding educational standards and accountability in India.

• India achieved a significant aerospace milestone on Saturday, July 18, 2026, with the successful launch of Vikram-1. • As the country’s first privately developed orbital rocket, Vikram-1 successfully deployed multiple technology demonstration payloads into a low earth orbit. • This achievement marks a critical shift toward the privatization of India's space sector, reducing reliance on state-run agencies for orbital launches.

• Asian stock markets declined on Monday, July 20, as rising oil prices driven by escalating Middle East conflicts sparked renewed inflation concerns. • South Korea's chip-heavy market fell 0.6%, following a significant nearly 9% drop during the week ending July 19. • The volatility comes as investors prepare for a week of major tech earnings, which will serve as a critical test for the sustainability of the AI-driven trade.

Catholic order with a record of child abuse could be subject to hundreds of redress claims worth up to $65mFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralian taxpayers could be forced to cover up to $65m in payouts to hundreds of abuse victims when a failing arm of the Catholic church disappears, new court documents reveal.Last month, the Christian Brothers, a Catholic order with a shocking record of child abuse, informed a court it was going broke and would not be able to afford to pay out survivors. Continue reading...