South Korean Finance Minister Choo Kyung-ho: South Korea and Japan need to negotiate on geopolitical risks and supply chain issues.

Choo Kyung-ho, Minister of Finance of South Korea: Recently, dialogue between South Korea and Japan has expanded, and there are many areas of cooperation between the two countries.

Bank of Korea: Uncertainty over inflation path centered on oil and utility prices.

Bank of Korea: Uncertainty about future inflation path remains high.

Bank of Korea: Core inflation may slow more slowly than headline inflation.

The Nikkei 225 hit its highest level since January 2022.

On May 2 (Tuesday), the Nikkei 225 Index rose 128.82 points, or 0.5%, to 29,254.50 points.

US White House: Biden stressed in a meeting with congressional leaders on May 9 that Congress must act to avoid default without strings attached, and that Biden will discuss how to start a separate process to address the budget and fiscal 2024 appropriations .

Market news: American small modular reactor company NuScale plans to build a small modular reactor in South Korea.

US Senate Majority Leader Spokesperson: Schumer initiates voting process to vote on "clean" two-year debt ceiling suspension bill (no spending cuts, Democrat version).

[British Retail Consortium: UK shop price index inflation falls for first time since 2023] Deep discounts on clothing and furniture will drag down UK store price growth for the first time in 2023, suggesting that British households may have weathered the worst of the inflation shock period. The chief executive of the British Retail Consortium said: "We should start to see food prices fall in the coming months as wholesale prices fall and other cost pressures take hold. Headline commodity price inflation edged down slightly in April due to heavy spring discounting. There has been a decline." After surprisingly strong inflation data in March, markets are betting the BoE will opt to hike its key lending rate by another 25 basis points in its May 11 monetary policy decision. Investors see the Bank of England continuing to raise interest rates to 5% by September from the current 4.25%.

Saudi Economy Minister: Economic diversification is the biggest challenge.

Choo Kyung-ho, Minister of Finance of South Korea: When the global economy is at an inflection point, the cooperation between South Korea, Japan and China is more important to the Asian region and the world.

On May 1, local time, a series of traffic accidents occurred on Interstate 55 in southern Illinois, USA. At least 40 to 60 vehicles collided, resulting in multiple deaths and dozens of injuries.

The annual rate of the BRC store price index in the UK in April was 8.8%, the previous value was 8.90%.

U.S. Senate Minority Leader Mitch McConnell said on the phone call with U.S. President Biden, "We had a good conversation this afternoon, and I believe we will communicate again."

McCarthy, Speaker of the US House of Representatives: There is currently a bill pending in the Senate, which, if passed, would eliminate the risk of Treasury defaulting.

Bank of New York Mellon CEO: This turbulent period in the banking industry is over, and we are still interested in cryptocurrencies.

ABC News: Virginia Beach officials declared a local state of emergency after an EF3 tornado with winds of up to 145 mph "affected communities north of the city."

RBNZ: Overall, household balance sheets remain resilient and most households with mortgages still have substantial equity reserves.