Australian Treasury Secretary Chalmers: The market is expected to have more rate cuts after inflation data is released. I don't see anything in these data that will substantially change market expectations.

South Korea Finance Minister Choi Sang-mu: South Korea will definitely not try to end tariff negotiations with the United States before the presidential election.

Hong Kong insurance stocks continued to strengthen, with AIA (01299.HK) rising by more than 5%, Xinhua Insurance (01336.HK), China Life Insurance (02628.HK) rising by more than 2%, and China Property Insurance (02328.HK) and China Taiping (00966.HK) following the rise.

Hong Kong auto stocks fell partly, with NIO (09866.HK) falling more than 4%, Xiaopeng (09868.HK) falling more than 3%, BYD (01211.HK), Geely Auto (00175.HK), and Leapmotor (09863.HK) falling more than 1%.

The Australian S&P/ASX 200 index narrowed its gains, now up 0.1%; the weighted average CPI data after the first quarter was higher than expected.

The A-share real estate sector rose at the beginning of the session, with Chinese companies rising by more than 8%, and Xinhuangpu rising by more than 7%. Airport Shares, Qixia Construction, Everbright Jiabao, Wantong Development, and Dalong Real Estate following the rise.