South Korea May export price index YoY 46.9%; prior reading revised to 41.3% from 40.8%.

CLSA says Geely Automobile (00175.HK) is accelerating overseas expansion after May exports of 85,000 units; management said logistics constraints kept monthly overseas orders below a potential 100,000. CLSA expects logistics to ease from June, forecasting monthly exports of ~100,000, H2 exports of about 600,000 and raising full-year export guidance to 1.06m units (≈32% of sales) from 800,000. The broker maintains a high-conviction OUTPERFORM rating and HK$30 target price. CLSA now forecasts 2026 total sales up 8.9% YoY to ~3.295m units, revenue down 1.8% to CNY 428.8 bln and net profit up 0.3% to CNY 19.64 bln.

Deputy Governor Uchida will stand in for hospitalized Governor Ueda to explain the Bank of Japan’s latest decisions and future policy direction; markets will watch Uchida for clues on the rate-hike path and BOJ bond-buying. He faces a delicate balancing act: signal enough resolve to avoid a sharp yen sell-off while taking into account Prime Minister Takaichi Sanae’s tilt toward more supportive monetary policy. Some economists warn that any notable departure from Ueda’s stance could unsettle markets. Daiwa Research’s chief economist expects Uchida to draw on his implementation experience to deliver a carefully considered explanation, particularly on the normalization process.