Pre-market News Summary: Fed Decision and Microsoft Meta Earnings Report in Focus, South Korea Introduces Overnight Market Stability Measures

July 29th, the market will face a sleepless night today. The Fed's decision, along with Microsoft's Meta earnings report, is coming. Trump's tough stance on Iran has intensified market concerns.

A summary of key pre-market information on Wednesday is as follows:

1. The Fed's decision will be announced during today's U.S. stock market session, while Microsoft and Meta's earnings reports will be released after the market close. It is worth noting that, on the eve of Microsoft's earnings report, its short positions have risen to the highest level in nearly a decade. The market continues to worry about whether AI capital expenditure can translate into revenue growth.

2. Trump made a tough statement on Iran before the U.S. stock market opened, saying, "We will hit them hard, they will suffer greatly."

3. After holding an emergency meeting, the South Korean Ministry of Strategy and Finance stated that South Korea has pledged to take more measures to stabilize the stock market. It will restrict leveraged ETF trading and strengthen supervision of leveraged ETF trading. It will limit retail investors' exposure to leveraged ETFs, immediately introduce additional regulatory measures for single-stock leveraged ETFs, and increase related transaction costs to curb ETF speculative activities.