Japan's Nikkei 225 closed down 882.57 points on Friday, June 5, a 1.31% decline, at 66,588.12.

UN Secretary-General Guterres welcomed the announced Lebanon‑Israel ceasefire and urged all parties to fully respect the agreement and comply with international law. He called on Hezbollah and other non-state actors to accept Lebanese government authority, urged Israel to respect Lebanon's sovereignty and withdraw its forces, and said the UN supports diplomatic efforts to reinforce the ceasefire and implement UN Security Council Resolution 1701 while negotiations continue toward lasting peace and stability.

Philippine consumer price inf eased to 6.8% YoY in May from 7.2% in April, below the 7.8% median survey and the PHILIPPINE C.BANK's prior 7.1%-7.9% projection for May. Preliminary extension of a U.S.-Iran ceasefire has pushed global energy prices down, easing imported fuel pressure for the Philippines, which sources over 90% of its oil from the Middle East. PHILIPPINE C.BANK governor Eli Remolona said policymakers will closely monitor incoming inf data ahead of the June 18 meeting to decide whether a policy rate increase is needed.