The Philippine stock index rose 1 percent to 6,673.37 points.

Indian government sources: Tax increases and spending cuts will help meet fiscal deficit target for 2022/23.

Indian government source: The Indian government will achieve the fiscal deficit target of 6.4% in 2022/23.

Indian government sources: The Indian government believes that the cost of short-term borrowing is expected to decrease, and the yield of treasury bills will decline in the future.

GBP/USD continued to hit a new high against the US dollar since June 2022 and is now at 1.2588.

HSBC raised the interest rate on dollar deposits in Hong Kong to 0.875% from 0.75%.

Preliminary data from the Society of Motor Manufacturers and Traders (SMMT) showed that new car registrations in the UK rose by more than 10% in April, with the forecast for 2023 car sales raised to 1.83 million.

National Australia Bank CEO: The Australian banking market is still in very good shape.

HSBC raised its Hong Kong dollar prime lending rate to 5.75% from 5.625%.

Mexico Economy Ministry: Economy minister says reforms will respect trade agreements and sustainable mining capacity.

Director of IMF Asia Pacific: I saw signs of recovery in the second half of the Korean technology cycle.

The Indonesian rupiah hit its highest level against the dollar since June 2022, up 0.61% on the day.

Traders: Credit default swaps (CDS) rose at least 0.5 basis points in Asian (excluding Japan) markets.

Traders: Asian high-grade US dollar bond spreads widened by at least 2 basis points.

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Hong Kong Monetary Authority chief Eddie Yue: Hong Kong banks have no exposure to troubled U.S. banks.