Asked whether he was worried about today’s inflation print, US President Trump said, "No, I like it. I love inflation." Data showed US May CPI rose 4.2% YoY, a three-year high; core CPI YoY at its highest since September last year.

Chinese A-share lithium miners jumped in afternoon trade; Yongshan Lithium hit the daily trading limit. Guocheng Mining and Shengxin Lithium Energy rose over 7%, while Tianhua Xinneng, Rongjie Co., Tibet Mining, Yongxing Materials, Ganfeng Lithium and TTANQT LITHIUM also advanced.

President Trump said on the 10th the US military secretly assisted more than 200 merchant vessels transiting the Strait of Hormuz, enabling over 100 million barrels of oil to enter the open market. He said he ordered the mission last month and asserted control of the strait rests with the US, not Iran. A US effort launched in early May to escort trapped ships, described as a "freedom plan," was later suspended. US media reported the pause followed Gulf allies' objections and Saudi refusal to allow US use of Saudi bases and airspace after the mission was not coordinated. The New York Times cited anonymous US officials saying US forces quietly guided about 70 ships through the strait in the prior three weeks.