CNBC Daily Open: Inflation isn't coming down fast enough

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

South Korea's Kospi rallies
South Korea stocks rallied Tuesday with the Kospi hitting its highest level in over two years, while the smaller-cap Kosdaq rose. Hong Kong's Hang Seng and mainland China's CSI 300 also gained. Overnight, U.S. stocks closed lower taking a breather from a rally sparked last week after the Federal Reserve stuck to its rate-cut forecast. The Dow lost 0.4%, while the S&P 500 and Nasdaq fell around 0.3% each.

Indian bonds on global indexes
Indian bonds are set to be added to global indexes which could be a gamechanger for the country. They'll be included in JPMorgan's bonds index in June and Bloomberg Index Services' in January next year. The move is expected to inject billions into India's rupee-denominated government debt and seen as a step in the right direction.

Apple's presence in China
Apple will likely double down on China's smartphone market, according to Wedbush Securities. The tech giant is in a tough spot in the country facing competition from Huawei amid sluggish iPhone sales. Apple needs to address the challenges before the iPhone 16 release and "it all starts with reaffirming Apple's presence in China," said Wedbush analysts.

Trump Media to start trading
The company behind former President Donald Trump's social media platform Truth Social, will start trading on Tuesday. Called Trump Media & Technology Group Corp., it will trade on the NASDAQ under the stock ticker symbol DJT. Trump, the  presumptive Republican presidential nominee, owns at least 58% of the