U.S. Federal Aviation Administration (FAA) issued a nationwide ground stop for American Airlines Group (AAL.O) flights due to an IT systems issue.

At a July 29 regular press briefing, foreign ministry spokesperson Mao Ning was asked about a Bloomberg report that Germany is examining vulnerabilities in China’s supply chains to identify sectors that could rebalance bilateral trade. Mao said mutual industrial interdependence is normal in a globalized economy, described China and Germany as comprehensive strategic partners, and urged strengthened communication and cooperation to jointly maintain the stability and smooth functioning of global production and supply chains.

South Korea's KOSPI fell more than 5% intraday, slipping below 5,700 points for the first time since April 7. SK Hynix dropped over 9%.