Global growth concerns weigh on Asian markets, Japan surges.

Japanese companies are expected to mark the biggest wage hikes in 31 years with average wages to rise by 3.89% in 2023; Malaysia's first quarter gross domestic product grew by 5.6% year on year, higher than the 4.8% predicted by economists in a Reuters poll; China's foreign minister Qin Gang will visit Australia in July; Taiwan electronics contract manufacturer Foxconn saw its first-quarter net profit tumble by 56% to 12.83 billion Taiwanese dollars ($417.2 million); U.S. and Chinese officials met for two days in Vienna to discuss a range of topics, including Russia's war in Ukraine.