China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion 
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Overseas card spending by South Koreans reached US$3.6 billion in the first quarter, plunging 23 percent from the $4.68 billion expenditures in the same period last year.
It was the sharpest year-on-year drop in overseas card spending since the second quarter of 2009 when the amount of spending plummeted 31.5 percent on-year due to the 2008 global financial crisis.
The amount also showed a 25.3 percent decrease from the previous quarter, making it the sharpest on-quarter decline since the fourth quarter of 2008 when it dropped 32.6 percent, according to the Bank of Korea (BOK).
The drop in overseas card spending was attributed to the lockdown-generated decline in the number of outbound travelers.
The number of South Koreans who went abroad in the first quarter decreased by 43.8 percent from three months earlier to about 3.7 million.
Meanwhile, foreign visitors in South Korea spent some $1.49 billion in the first quarter, plunging 30.6 percent on-year due to a drop in foreign visitors.
It was sharpest on-year decline since the second quarter of 2017 when the spending plunged 33.1 percent on-year.
