Morning Wide: Today's Major News

1. Kumamoto Earthquakes Death Toll Rises to 14 Following Magnitude 5.8 Aftershock Last Night

The death toll from the strong earthquakes in Kumamoto, Japan, has increased, with 14 people confirmed dead so far. A magnitude 5.8 aftershock occurred last night (July 29), with tremors felt as far away as the southern region of South Korea.

2. Fed Freezes Rates for 5th Consecutive Time; U.S. Stocks Fall on Prospects of September Hike

The U.S. Federal Reserve has frozen its benchmark interest rate for the fifth consecutive time this year. With outlooks emerging that rates could be raised in September to stabilize inflation, the three major U.S. stock indices all closed lower.

3. KOSPI Plunges Past "6,000" Milestone; Financial Authorities to Manage Total Volume of Single-Stock Leverage

The KOSPI plummeted for the second consecutive day, sliding down to the 5,600 range. Financial authorities have decided to set individual investment limits on single-stock leverage ETFs, which have been amplifying stock market volatility.

4. Bill to Abolish Prosecutors' Supplementary Investigation Rights Scheduled for Plenary Session Today; People Power Party to Launch Filibuster

An amendment to the Criminal Procedure Act that completely eliminates prosecutors' supplementary investigation rights is scheduled to be submitted to the plenary session today under the leadership of the pan-ruling bloc. The People Power Party is expected to counter with a filibuster.
※ Please note: This article was translated by AI and may contain errors.