Indonesian Minister: Musk will visit Indonesia to launch Starlink service.

TSMC (TSM.N): No TSMC employees or on-site workers reported injuries.

TSMC (TSM.N) issued a statement confirming that an accident occurred at its Arizona factory.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: Wage growth and tax cuts are expected to help economic recovery.

Japanese Economy Minister Yoshitaka Shindo: The government will support private consumption by creating a situation where household income exceeds inflation.

Japanese Minister of Economic Revitalization Yoshitaka Shindo: We need to pay close attention to the downside risks of the global economy, for example, the unstable situation in the Middle East leading to fluctuations in oil prices.

The Indonesian rupiah rose 0.6% to a one-month high against the dollar.

Japanese Economic Revitalization Minister Yoshitaka Shindo: The economy is expected to continue to recover moderately. It is necessary to pay close attention to risks related to foreign exchange fluctuations, which may push up domestic prices.

The Philippine stock index rose 1%.

The Philippines said electric vehicles and their parts will be subject to zero tariffs, and electric motorcycles and electric bicycles will be included in the expanded list.

The Philippines will maintain its most-favored-nation tariff rate on electric vehicle batteries at zero until 2028.

The United States said it destroyed four drone systems in Yemen on May 14.

The South Korean won rose 1.2% against the dollar, leading gains among Asian currencies in early trading.

Japan bought 387.3 billion yen of foreign stocks in the week ending May 10, compared with 271.2 billion yen in the previous period.

Japan bought -396.6 billion yen in foreign bonds in the week ending May 10, compared with -101.3 billion yen in the previous week.

Assistant Governor of the Reserve Bank of Australia Hunt: There is little evidence in the short term that higher interest costs will be directly passed on to rents.

Assistant Governor of the Reserve Bank of Australia Hunt: Residential construction activity is expected to remain relatively sluggish.

Market news: Pakistan will reduce fuel prices in the next 15 days.