0729 | Dolphin Research Focus: 🐬 Macro/Industry. 1) In the early hours of Jul 30 Beijing time, the Fed will announce its Jul rate decision.

Consensus expects rates to remain on hold, though the probability of a hike still exceeds 30% amid wide internal policy divergence. Markets will parse the Chair's remarks for signals on the future rate path.

The decision will directly move UST yields and global risk-asset pricing. APAC equities and tech growth could face near-term volatility, with a rising wait-and-see stance among investors.

2) South Korea's KOSPI triggered circuit breakers for two consecutive sessions...