South Korea's Lee said Seoul and NATO want to expand defense cooperation on weapon-systems R&D and production.

U.S. President Trump: We have great respect for Australia.

Capital Economics’ Gareth Leather says rising El Nifio-driven food price risks make Asian central banks unlikely to quickly reverse recent rate hikes. Many central banks responded aggressively to the earlier energy shock, with most hiking at least once; while lower energy prices have eased the urgency for further tightening, food carries a higher weight than energy in Asian consumer baskets, so El Nifio could keep policymakers cautious. Capital Economics continues to expect further tightening in India, Pakistan and South Korea over the coming months.