Five Things You Need to Know to Start Your Day: Asia

Good morning. Boeing's CEO is stepping down. US stocks take a breather. Interest costs for junk-rated US companies rise. Here’s what’s moving markets. — Isabelle Lee

Boeing Chief Executive Officer Dave Calhoun is stepping down at the end of the year, part of a sweeping leadership overhaul as the planemaker struggles to get a handle on a spiraling crisis. Stan Deal, the chief of Boeing’s commercial airplane division, is departing immediately and will be replaced by Chief Operating Officer Stephanie Pope. Chairman Larry Kellner will not stand for re-election. The shakeup reflects growing customer frustration as the crisis centering on the company’s manufacturing quality and safety shows no signs of receding. The Alaska Air incident exposed lapses in manufacturing controls, drew the attention of regulators, and brought pressure from US airline CEOs to make a change.