News

U.S. President Trump called the New York Times low-quality on social platforms, and boasted that he could repair the Reflecting Pool in Washington at a cost far lower than the $55 million spent by the Obama and Biden administrations and in a very short time, with far better results than before.

Japan's initial March leading indicator value was 114.5, expected to be 114.5, and the previous value was 113.3.

The initial value of Japan's synchronized indicator in March was 116.5, expected 116.6, and the previous value was 116.3.

U.S. Treasury Secretary Bessent: Supports Japan in establishing an investment review mechanism.

The initial monthly rate of Japan's synchronized indicator in March was 0.3%, and the previous value was -1.8%.

The initial monthly rate of Japan's leading indicators in March was 1.3%, compared with the previous value of 1.3%.

U.S. Treasury Secretary Bessent: The two sides had active discussions on the U.S.-Japan investment agreement and joint efforts in critical minerals.

U.S. Treasury Secretary Bessent: (Referring to his meeting with Japanese Finance Minister Katayama Satsuki) The level of communication and coordination continues to remain stable and strong in dealing with unnecessary excessive volatility in currency markets.

According to Japan's Kyodo News: The Emperor and Empress of Japan will visit the Netherlands and Belgium in June.

According to the Financial Times: Britain's major banks are discussing stricter climate risk disclosure rules due to concerns that floods, wildfires and rising sea levels may trigger more loan defaults.

Market traders said the Reserve Bank of India may be selling dollars to stem the fall in the rupee.

According to the Financial Times: The scale of foreign investor withdrawals from India has hit a record high.

The bid-to-bid ratio at Japan's 10-year government bond auction was 3.90, compared with 2.57 in April.

A top South Korean policymaker suggested citizens should receive an “AI dividend” funded by taxes on AI-related profits, reflecting pressure to redistribute gains from the AI boom benefiting firms like Samsung Electronics and SK Hynix. Presidential policy chief Kim Yong-beom’s Facebook post triggered sharp swings in Korean equities, with the Kospi falling as much as 5.1% before paring losses after clarification that he referred to excess tax revenue rather than a new windfall tax. Investors in Samsung and SK Hynix also saw volatility but recovered some losses. The remarks highlight rising concern over AI-driven inequality and growing views of AI as national infrastructure.

According to the Wall Street Journal: The U.S. House Oversight Committee has launched an investigation to explore potential conflicts of interest regarding OpenAI CEO Altman, and several Republican state attorneys general have called on the U.S. Securities and Exchange Commission (SEC) to conduct a review.

Japanese Economy, Trade and Industry Minister Ryomasa Akasawa discussed energy and critical minerals issues with U.S. Treasury Secretary Bessent on Tuesday.

According to TASS: Pakistan’s ambassador to Russia believes that the United States will not take new military actions against Iran.

U.S. and European stock index futures were lower, with S&P 500 futures down 0.2% and Nasdaq futures down 0.4%. European Stoxx 50 futures fell 0.7%, Germany's DAX futures fell 0.8%, and Britain's FTSE 100 futures fell 0.9%.

Hong Kong stock Lenovo Group (00992.HK) fell more than 3%, with transaction volume exceeding HK$250 million.

NI225 gave up gains and is now down 0.08%.