The governor of Russia's Ryazan region said that a Ukrainian drone attack killed three people in Ryazan city, damaged multiple apartment buildings and hit an industrial company.

Korea Presidential Office: Japanese Prime Minister Takaichi Sanae will meet with President Lee Jae-myung in Andong City, South Korea from May 19th to 20th.

Donald Trump said he raised granting Visa Inc. broader access to Chinese consumers and businesses during his meeting with Xi Jinping. In a Fox News interview, he said Visa CEO Ryan McInerney was present and urged expanded market access for US firms. The issue reflects long-running competition with China UnionPay Co. following China’s 2015 opening of foreign card-clearing services.

Hong Kong stocks opened lower and moved lower, with the Hang Seng Index falling 1% and the Hang Seng Technology Index falling 1.7%.

Hong Kong stocks’ mainland property stocks rose partially. Jinhui Holdings (09993.HK) rose by more than 33%, Ronshine China (03301.HK) rose by more than 11%, Country Garden (02007.HK) rose by more than 3%, Sunac China (01918.HK) and Sino-Ocean Group (03377.HK) rose by more than 1%.

Alphabet Inc. sold ¥576.5 billion ($3.6 billion) of bonds in the largest-ever yen deal by a non-Japanese company, as competition to fund data centers and AI infrastructure intensifies. The offering included ¥200.5 billion of five-year bonds priced at 50 basis points over mid-swaps. The sale is part of nearly $60 billion in recent borrowing by Alphabet and reflects rising demand for yen bonds from global firms amid AI-driven capital spending, with non-Japanese yen issuance up more than 280% this year.