Statement: South Korea and the UAE signed a trade agreement, under which the UAE will eliminate all tariffs on arms imports and the UAE will eliminate all tariffs on South Korean car imports within 10 years.

According to Yonhap News Agency: South Korea and the UAE signed a preliminary agreement on US$1.5 billion for liquefied natural gas carriers.

According to Yonhap News Agency: South Korea and the UAE signed an economic partnership agreement.

Asian currencies fell across the board, with the Philippine peso falling 0.5% against the dollar.

Paytm shares rose 5% in pre-market trading.

The Philippine stock index fell 1%.

The Chamber of Automotive Manufacturers of the Philippines (CAMPI): Philippine auto sales in April increased 21.8% year-on-year.

Market news: Apple (AAPL.O) will open its first retail store in Malaysia on June 22.

The rupiah fell 0.4% to 16,150 per dollar, its lowest level since May 2.

Starlink: The network problem has been completely resolved.

Samsung shares fell 1% as the labor union said it would go on strike.

According to Yonhap News Agency: Samsung Electronics’ union said it will continue the strike.

Vietnam expects coffee exports to reach 95,000 tons in May.

Starlink: We are actively implementing solutions.

Network status monitoring website DownDetector: User reports show that 39,586 users encountered problems when using Starlink.

Seiji Ando, a board member of the Bank of Japan: It is advisable for the market to gradually reduce the scale of bond purchases.

Bank of Japan board member Seiji Andachi: The possibility of achieving inflation targets is increasing, but it is still not completely certain.

Bank of Japan board member Seiji Ando: It is expected that the scale of bond purchases will be reduced at some point.

Bank of Japan board member Seiji Ando: The Bank of Japan must maintain loose financial conditions until the price target is achieved.

Bank of Japan board member Seiji Ando said: Gradually adjusting the degree of easing is crucial.