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The Nepal Stock Exchange (NEPSE) plunged by 41. 78 points to close at 2, 833. 57 points on Tuesday.

Similarly, the sensitive index dropped by 6. 51 points to close at 488. 39 points.

A total of 22,207,142-unit shares of 325 companies were traded for Rs 9. 33 billion.

Meanwhile, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) were the top gainers today with their price surging by 10. 00 percent. Likewise, Three Star Hydropower Limited (TSHL) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 1. 60 trillion.

A light earthquake hit Myagdi district on Tuesday.

According to the National Semismological Centre (NSC), Launchaur, it recorded a tremor of local magnitude 4.5 at 1:03 pm with its epicenter near Gurjakhani of Myagdi. 

The NSC said that it was a fresh earthquake.

The Special Committee formed by the Parliament to investigate errors in the Report on the Federal Civil Service Bill has submitted its report to the Speaker Devraj Ghimire today. 

Committee coordinator Jeevan Pariyar submitted the report to the Speaker at the Federal Parliament Building, New Baneshwor.

The committee finalized its report last night and had decided to submit it in today’s meeting of the House of Representatives. The committee held 37 meetings over 29 days to finalize the report.

The House of Representatives had formed a high-level special probe committee on July 6, after provisions related to the cooling-off period in the Bill came against that decision by the parliamentary committee that finalized the bill. 

The committee comprised Jeevan Pariyar (coordinator) and Sushila Thing from the Nepali Congress, Narayan Prasad Acharya and Ishwori Gharti from the CPN-UML, Madhav Sapkota from the CPN (Maoist Center), Ganesh Parajuli from the Rastriya Swatantra Party, and Roshan Karki from the Rastriya Prajatantra Party.

The water level in the Babai river has crossed danger-level following continuous rainfall.  

According to the Department of Hydrology and Meteorology, the river's water level has now reached 7.1 meters.  

A water level of 5.5 meters is considered to be at a 'warning' level while 6.8 meter as 'danger' level, the Department has said while urging all to adopt precaution as Bardiya and Dang are at risk of flooding. 

Flood expert of the Department, Binod Parajuli, said district administrations, local levels and general people have been alerted through a message to remain alert. 

Similarly, the Mahakali river has also reached near the danger-level. 

The water level at small streams in Kavrepalanchowk, Makawanpur, Dang, Banke, Chitwan, Kailali, Kanchanpur and surrounding districts are also likely to increase and there is high risk of flash floods, stated the Department. 

South Korea will prepare measures to help companies cope with higher U.S. tariffs and expand into new markets, the Finance Ministry said on Tuesday, as it kicked off a task force to prepare the new administration's economic policy plans, Reuters reported.

On the domestic front, the government will come up with measures to boost short-term demand, as well as financial support for mid- to long-term technology development to enhance market competitiveness, it said in a statement.

South Korea reached a trade deal with the U.S. last week, just days before President Donald Trump's threatened 25% tariff rate was due to come in on its exports to the United States, according to Reuters.

Vehicular movement along the Butwal-Narayangadh road section has been obstructed following a landslide at Daunne hills.

As a result, hundreds of passengers and vehicles have been stranded mid-way, Superintendent of Police Yadav Dhakal of the District Police Office Nawalparasi said. 

More than 7,000 cases of a mosquito-borne virus have been reported across China's Guangdong province since July, prompting measures similar to those taken during the Covid-19 pandemic, BBC reported.

In Foshan city, which has been hit the hardest, chikungunya patients must stay in hospital, where their beds will protected with mosquito nets. They can only be discharged after they test negative or at the end of a week-long stay.

Spread through the bite of an infected mosquito, the virus causes fever and severe joint pain, which sometimes can last for years.

Although rare in China, chikungunya outbreaks are common in South and South East Asia and parts of Africa, according to BBC.

The Third United Nations Conference on Landlocked Developing Countries (LLDCs) began in Turkmenistan today. 

Hojamyrat Geldimyradov, Deputy Chairman of the Cabinet of Ministers of Turkmenistan, and Antonio Guterres, the United Nations Secretary-General welcomed the heads of the nations and the heads of the governments to the Conference venue at the Awaza-based Sports Complex. 

In his address to an inaugural session, the UN Secretary General stressed the need for collective efforts with essential support and coordination to increase the LLDCs' access to international competitive markets and to address challenges they are facing. 

The President of the host nation, Serdar Berdimuhamedow, stressed the need for South-South cooperation to address economic and social challenges being faced by landlocked developing countries. He also pressed the need for active engagement of parliamentary forums, youth, and civil society networks to address these challenges.

Similarly, the President of the 79th United Nations General Assembly, Dennis Francis, also addressed the opening session.

Prime Minister KP Sharma Oli is scheduled to address the Conference as the Chair of the Global Coordination Bureau of the Least Developed Countries (LDCs) and in national capacity today, itself. 

The Prime Minister will also co-chair a high-level roundtable of the Conference and address other events.

Besides, the Prime Minister will meet heads of delegations from various countries and other high-level dignitaries of the UN and other international organizations on the margins of the Conference.   

Prime Minister Oli arrived here on August 4, leading a Nepali delegation.

.The Prime Minister is accompanied by his spouse  Radhika Shakya, Chief Advisor to the Prime Minister  Bishnu Prasad Rimal, Member of the Federal Parliament, Surya Bahadur Thapa Kshetree, Prime Minister's private doctor Prof Dr Dibya Singh Shah, Foreign Secretary Amrit Bahadur Rai  and other high-ranking government officials. 

The Prime Minister is scheduled to return home on August 8.