UK Maritime Trade Operations reports a vessel was struck by an unidentified projectile while transiting out of the Strait of Hormuz.

Barclays economist Bum Ki Son warned recent appreciation of the South Korean won versus the dollar could trim Q2 GDP growth by about 20bps and reduce GDI growth by as much as 200bps. He said non-tech firms are particularly exposed because the same amount of overseas sales converts into fewer won; non-tech companies make up 26% of net profit among KOSPI-listed firms but could account for roughly 66% of FX translation losses in Q3. FactSet shows the won has strengthened more than 5% against the dollar over the past month.

现货钯金跌破1300美元/盎司，日内跌2.07%。