investingLive Asia-Pacific FX news wrap: Nikkei225 & KOSPI (Japan, South Korea) supported

Asian markets were broadly supported as Japan’s Nikkei (Japan 225) climbed to a record high for a third straight session on tech strength, while South Korea’s KOSPI extended gains after recent record closes and Samsung hit fresh highs. Currency moves drew attention: China’s onshore and offshore yuan strengthened (offshore CNH at its strongest since Feb 2023) and the PBOC set the USD/CNY reference, signaling possible yuan appreciation. Japan’s government is reportedly weighing a supplementary budget to offset fuel costs, lifting long-dated JGB yields on debt issuance concerns. Corporate news echoed market momentum: Cisco’s AI-focused restructuring (cutting ~4,000 jobs) sparked a c.20% jump in its shares. Overall the wrap points to a positive market tone in Asia with FX and fiscal developments as key near-term drivers.