- South Korea's Shinhan Financial Group has partnered with Visa to develop stablecoin infrastructure and explore digital payment services.
- The collaboration involves joint pilot projects utilizing Visa's Stablecoin Platform to test functions such as issuance, remittance, and card settlement.
- This initiative builds on Shinhan's ongoing digital asset projects as South Korea works to establish regulatory frameworks for the sector.
- Industrial and transportation shares declined amid escalating trade tensions between the United States and Canada.
- Canada announced plans to impose tariffs ranging between 15% and 50% on approximately $20 billion of U.S. goods, effective September 8.
- Hyundai reached a tentative wage agreement with its labor union to resolve production-disrupting walkouts.