Group 1: Market Overview - The South Korean KOSPI index opened high but subsequently fell to 3091.01 points [3] - The Japanese Nikkei 225 index opened high and showed fluctuations, currently up 0.09% at 38826.37 points [5] Group 2: South Korean Market Insights - South Korea was not included in the MSCI developed market index or its watchlist, which was announced on June 24 [3] - MSCI noted improvements in South Korea's market regulations and technical issues, but investor concerns about regulatory risks remain [3] - South Korea must resolve all disputes and complete market reforms before being reconsidered for inclusion in the developed market index, with eligibility for review only in June next year [3] Group 3: Japanese Market Insights - Electronic and brokerage stocks led gains in Japan, with companies like Mitsubishi Electric and Tokyo Electron rising over 2% [6] - Olympus's stock fell over 10% due to an FDA import warning on its products [7] - The yield on Japan's 10-year government bonds dropped to 1.4%, while the 20-year yield fell by 2 basis points to 2.32% [8] Group 4: Economic Commentary - A Bank of Japan committee member emphasized the need for normalization of government bond holdings, noting the economy is at a crossroads between growth driven by wage increases and investment, and stagnation [9] - Despite the lack of direct impact from U.S. tariff policies observed so far, Japan's economy appears to be stagnating [9] - The committee member indicated that inflation pressures may arise as the economy transitions, with consumer price index (CPI) levels higher than expected [9]