India trade sources say they expect to finalize tariff rates with the US provided India secures exemptions from US measures under Section 301.

South Korea's KOSPI extended gains to 2.5% as Samsung Electronics climbed 5%, LG Electronics jumped 28.8% and Naver rose 11%.

At about 10:32 local time on June 1, a gas room linking two production bays at SK Hynix’s fourth campus in Cheongju, North Chungcheong Province, caught fire. Automatic sprinklers activated and the blaze was brought under control, but a fluorine gas leak injured seven people who were sent to hospital. SK Hynix evacuated about 3,600 staff. Residual gas was cleared by about 13:38 local time, all buildings were reopened and the company declared the incident closed. SK Hynix said plant production equipment was not affected and production would not be interrupted; the company is investigating the cause.