SOUTH KOREA'S KOSPI POSTS BIGGEST SLUMP SINCE EARLY MARCH

Another day, another circuit breaker on the Kospi: AI capex fears spill across Asian equity markets, on the back of a five-percent slump in Nvidia shares that sees Apple regain its crown as the world's most valuable public company. In other news, oil prices extend yesterday's declines amid hopes for some kind of resolution to the Iran conflict. LVMH gets a lift as sales inch higher in the second quarter, with US strength helping the company to shrug off weaker demand in Europe. And Mercedes-Benz sees a boost in second quarter operating profit but warns of intense competition and subdued demand in China.

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