Giants don't stumble quietly. The latest earnings from Samsung Electronics and LG Electronics, two pillars of South Korean manufacturing, signal not just a downturn but deeper structural cracks.

Also in today’s newsletter, Uniqlo basks in consumers buying ‘summer all year’ clothes, and the Bank of Korea’s interest rate dilemma ...

US stocks end up with the S&P 500 and Nasdaq at records. MP Materials soars on government's big stake. Delta lifts airlines. Bitcoin hits record too.