A-SHARES OPEN HIGHER: SHANGHAI COMPOSITE UP 0.11%, SHENZHEN COMPONENT UP 0.38%, CHINEXT INDEX UP 0.43%

BLACK SEA CPC BLEND OIL EXPORTS SET AT 1.8 MILLION BPD FOR MAY VS 1.65 MILLION BPD IN APRIL PLAN, SOURCES SAY

The Trump administration is reportedly close to finalizing a rescue deal for Spirit Airlines, with up to $500 million in financing support, according to sources cited by the Wall Street Journal. The deal, which may include warrants for a potential government stake, is still subject to change, and terms have not yet been finalized. Spirit has been struggling to emerge from bankruptcy amid rising jet fuel prices.