On Monday, foreign investors net sold 7.7 trillion won worth of KOSPI shares, marking the largest single-day sell-off in history.

The State Administration for Market Regulation said China’s enterprise credit index stood at 161.53 in May, with overall corporate credit remaining stable. Top five industry scores were financials; power, heat, gas and water production and supply; residential services and repairs/other services; water conservancy, environmental and public facility management; and manufacturing. Residential services and repairs posted the largest gain, entering the top five for the first time this year. Culture, sports and entertainment edged higher, with credit resilience continues to strengthen.

US Dollar: 1. Federal Reserve Chairman Warsh appointed two senior central bank economists as advisors. 2. Reuters poll: The Fed is expected to keep the federal funds rate in the 3.50% to 3.75% range until the end of 2027 (an early June poll indicated one rate cut). 3. US consumer confidence index for June exceeded initial estimates, boosted by lower gasoline prices. 4. Invesco poll: 61% of central banks believe that US debt levels negatively impact the dollar's long-term status as a reserve asset. 5. Citi: Raised its target for the 10-year US Treasury yield but remains bullish on the bond market. Euro: 1. Bank of America: Expects the ECB to raise interest rates in September 2026, up from its previous forecast of a July 2026 hike. 2. Germany considers a €20 billion tax cut plan, with Merz seizing the opportunity to push forward his reform agenda. British Pound Sterling: 1. Bank of England Chief Economist Peale: Policymakers should not be complacent about the current inflation situation; Brexit makes the UK more susceptible to self-sustaining inflation. Japanese Yen: 1. Japanese retail sales rose for the third consecutive month, driven by wage growth and subsidies. 2. The Japanese government's economic policy blueprint shows that it aims to ensure annual real economic growth of over 1%. 3. According to the Financial Times: Analysts say that the number of IPOs in Japan in the first half of this year fell to its lowest level in 15 years. This situation is unlikely to improve in the short term due to a lack of startups capable of listing quickly. Other: 1. The European Central Bank's Sintra Forum is being held this week, featuring discussions by Federal Reserve Chairman Warsh, ECB President Lagarde, Bank of England Governor Bailey, and Bank of Canada Governor Macklem. 2. The People's Bank of China conducted 157.5 billion yuan of 7-day reverse repos and 300 billion yuan of overnight reverse repos today. 3. South Korea announced major project plans in the fields of chips, physical artificial intelligence, and artificial intelligence data centers. 4. On Monday, foreign investors net sold 7.7 trillion won worth of KOSPI shares, marking the largest single-day sell-off in history. 5. A Wall Street Journal survey indicates that South Korea's inflation rate may exceed 3% for the second consecutive month. 6. The Governor of the Bank of Thailand stated that interest rates will not be raised unless absolutely necessary; inflation is expected to remain within the target range in 2026 and 2027; the depreciation of the Thai baht is in line with market trends; banks will be allowed to issue a stablecoin for the Thai baht this year. 7. The Australian Prudential Regulation Authority plans to relax bank risk weights to release capital to support lending. 8. The Senior Deputy Governor of the Central Bank of Indonesia stated that liquidity will be maintained through all available tools.