Currency dealers watch monitors in front of an electronic screen showing South Korea's benchmark stock index (KOSPI) and the Korean Securities Dealers Automated Quotations (KOSDAQ) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on July 21, 2026. South Korea's president urged financial watchdogs to take "necessary measures" over new highly speculative investment products tied to the fortunes of the nation's AI chipmakers after share price declines left investors nursing losses. (Photo by Jung Yeon-je / AFP via Getty Images)

Chairman of State Bank of India, Challa Sreenivasulu Setty poses for a photograph before the listing ceremony of SBI funds management limited at the National Stock Exchange (NSE) in Mumbai on July 21, 2026.mbai on July 21, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Chairman of State Bank of India, Challa Sreenivasulu Setty and Nicolas Calcoen, Deputy Chief Executive Officer of Amundi gesture during the listing ceremony of SBI funds management limited at the National Stock Exchange (NSE) in Mumbai on July 21, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Chairman of State Bank of India, Challa Sreenivasulu Setty speaks with Nicolas Calcoen, Deputy Chief Executive Officer of Amundi during the listing ceremony of SBI funds management limited at the National Stock Exchange (NSE) in Mumbai on July 21, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Chairman of State Bank of India, Challa Sreenivasulu Setty speaks during the listing ceremony of SBI funds management limited at the National Stock Exchange (NSE) in Mumbai on July 21, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Nicolas Calcoen, Deputy Chief Executive Officer of Amundi, speaks during the listing ceremony of SBI funds management limited at the National Stock Exchange (NSE) in Mumbai on July 21, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

(FILES) A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at Novartis Campus in Basel on September 9, 2025. The Swiss pharmaceutical giant Novartis on July 21, 2026 reported a 19% drop in net profit for the second quarter, to $3.2 billion (3.2 billion), held back by higher interest and tax expenses. (Photo by Fabrice COFFRINI / AFP via Getty Images)

(FILES) The Swatch logo is displayed on a store in Times Square, New York City on April 9, 2025. The Swatch Group on July 21, 2026 reported a 5.8% drop in net profit for the first half of the year, to 16 million Swiss francs (17 million), while stating that the recent acceleration in sales will allow for "a significant improvement in profitability in the second half of the year. (Photo by ANGELA WEISS / AFP via Getty Images)