Baltic Dry Index (BDI) fell 1 point (0.04%) to 2,670 as a rebound in Capesize rates capped the drop. The Capesize index (BCI) rose 41 points (1.1%) to 3,930 — its first gain since July 14 — with average daily earnings up $369 to $32,137. Panamax index (BPI) slipped 46 points (2.1%) to 2,181; Panamax daily earnings declined $416 to $19,629. Supramax index (BSI) dropped 8 points (0.5%) to 1,730, its first fall since early July. Handysize index (BHSI) edged up 2 points to 903.

South Korea's KOSPI closed up 3.6% at 6,747.95 on Tuesday, after a liquidation-driven selloff that erased 10.5% over the prior two sessions began to ease. The index was up as much as 4.9% intraday but remains in bear-market territory, about 25% below its June 22 record close. Regulators have moved to curb leveraged financing products, refocusing attention on fundamentals: continued AI-driven demand and a still-firm earnings outlook for memory-chip makers. JP Morgan maintained an overweight on Korea in regional allocations with a 12-month target of 12,500, saying the market should be able to withstand the shock from position liquidations and resume positive momentum.

On July 21 the Chinese foreign ministry said Beijing’s policy stance toward developing China‑UK relations is unchanged after Britain’s new prime minister took office. Premier Li Qiang sent a congratulatory message. China said it supports a long‑term, stable, comprehensive strategic partnership with the UK and is willing to cooperate with London on the basis of mutual respect and managing differences to keep bilateral ties on the right track.