South Korea’s deputy finance minister said on Thursday Seoul is in close communication with Japan and other major allies on foreign-exchange matters and warned the won has significantly diverged from economic fundamentals. He said authorities maintain close cooperation and information sharing with Japan and related countries. Asked about potential intervention, he declined to elaborate but said the government is prepared to take stabilizing measures if insufficient market liquidity leads to exce

Russia's gasoline supply crisis is spreading to Central Asia, where several countries lack sufficient domestic fuel production and have long relied on Russian imports. Kyrgyzstan said this week it has asked regional partners including Kazakhstan, Azerbaijan and Turkmenistan to help secure energy and stabilise domestic oil-product supplies. Uzbekistan has seen a sharp rise in gasoline prices, and Kazakhstan has tightened border controls to curb illicit fuel exports. The disruption follows refinery outages in Russia after Ukrainian drone strikes; local authorities and media report that by end-June roughly 90% of Russian regions were under fuel rationing or experiencing supply interruptions.

Fed Chair Kevin Warsh said this is not a zero-sum game.