South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Bayer Wins Major U.S. Supreme Court Roundup Lawsuit, Shares Surge 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
DOJ Seeks Dismissal of Gautam Adani Bribery Case, Citing Foreign Scope 
Judge Orders $5.8 Million Payment to E. Jean Carroll After Trump Loses Appeal Bid 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Trump Administration Hands Over Key Evidence in Minnesota Immigration Shooting Investigations 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Trump Administration Sues Maryland Over Alleged Sanctuary Immigration Policies 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
China's State Administration for Market Regulation ordered tech giant Tencent to relinquish its exclusive music label rights and fined it $77,144 after finding that the firm had violated antitrust laws.
Tencent controls over 80 percent of exclusively held music streaming rights in China after acquiring a majority stake in rival China Music Group in 2016.
Consequently, Tencent gained the ability to urge labels to reach more exclusive copyright agreements or require better trading conditions compared to its competitors, which the SAMR described as an "illegal concentration of business operators."
The biggest players in China's tech sector are now facing increased scrutiny after years of growth due to lax regulation.
Earlier this month, the SAMR blocked a merger between video game live-streaming sites that would have led to Tencent accounting for 80 to 90 percent of the country's domestic market share.
Elsewhere, China's biggest ride-hailing app Didi Chuxing was banned from Chinese stores over data collection concerns, just days after a $4.4 billion New York IPO.
