• Starbucks Korea temporarily closed all stores nationwide for mandatory history and social sensitivity training following a public boycott and CEO dismissal related to a controversial marketing campaign.
  • The broader market is also weak, with the S&P 500 down 1.34% and the NASDAQ Composite down 1.63%.
  • The Federal Reserve signaled a hawkish stance, indicating no rate cuts are expected through 2026, contributing to the broader market selloff.