China's three main A-share indices turned negative; the ChiNext index had earlier risen more than 1.7%.

Bananas for Japanese retail are ripened in ethylene-filled chambers; ethylene is produced from naphtha, and Japan’s naphtha stocks have dropped about 25% YTD. Shipping disruptions through the Strait of Hormuz, which have cut roughly 20% of global oil supply, are exacerbating the squeeze; Japan’s crude import dependence exceeds 90%. Japan imported about 1 mln tonnes of bananas last year. Eiji Akashi, secretary-general of the Japan Banana Importers Association, said: "Prices may rise, but we are doing everything to avoid supply shortages."

Four people were injured in bear attacks at an office and nearby residences in Sasakino, Fukushima City, Fukushima prefecture early on June 2. Japan has seen a rise in bear attacks: Ministry of the Environment preliminary data show 238 people were attacked nationwide between early April last year and the end of March, with 13 fatalities—both record highs. Government estimates put populations at more than 19,000 Asian black bears in the Tohoku region and 11,600 brown bears in Hokkaido.