{"id":430456,"date":"2026-05-14T10:40:05","date_gmt":"2026-05-14T03:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-asia-pacific-fx-news-wrap-nikkei225-kospi-japan-south-korea-supported\/"},"modified":"2026-05-14T10:40:05","modified_gmt":"2026-05-14T03:40:05","slug":"investinglive-asia-pacific-fx-news-wrap-nikkei225-kospi-japan-south-korea-supported","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-asia-pacific-fx-news-wrap-nikkei225-kospi-japan-south-korea-supported\/","title":{"rendered":"investingLive Asia-Pacific FX news wrap: Nikkei225 &amp; KOSPI (Japan, South Korea) supported"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-weighs-supplementary-budget-to-shield-households-from-fuel-price-surge-20260514\/\">Japan weighs supplementary budget to shield households from fuel price surge<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/xi-is-meeting-with-trump-we-should-get-some-news-in-a-few-hours-20260514\/\">Xi is meeting with Trump, we should get some news in a  few hours<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/chinas-offshore-yuan-cnh-trades-to-its-strongest-against-the-usd-since-february-2023-20260514\/\">China&#8217;s offshore yuan, CNH, trades to its strongest against the USD since February 2023<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/chinese-supertanker-exits-strait-of-hormuz-after-two-months-stranded-in-gulf-20260514\/\">Chinese supertanker exits Strait of Hormuz after two months stranded in Gulf<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/pboc-sets-usd-cny-reference-rate-for-today-at-68401-vs-estimate-at-67888-20260514\/\">PBOC sets USD\/ CNY reference rate for today at 6.8401 (vs. estimate at 6.7888)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/south-korean-fin-min-says-krw-volatility-is-excessive-compared-with-economic-fundamentals-20260514\/\">South Korean Fin Min says KRW volatility is excessive compared with economic fundamentals<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/japan-fx-intervention-flips-yen-from-undervalued-to-overvalued-stanchart-says-20260514\/\">Japan FX intervention flips yen from undervalued to overvalued, StanChart says<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/ubs-and-morgan-stanley-bullish-on-chinese-stocks-amid-ai-and-resilience-story-20260513\/\">UBS and Morgan Stanley bullish on Chinese stocks amid AI and resilience story<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/uk-house-prices-fall-at-fastest-pace-since-2023-as-iran-war-hits-sentiment-20260513\/\">UK house prices fall at fastest pace since 2023 as Iran war hits sentiment<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/cisco-after-hours-stock-20-price-surge-heres-why-cutting-4000-jobs-20260513\/\">Cisco after hours stock 20% price surge &#8211;  here&#8217;s why (cutting ~4000 jobs)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/morgan-stanley-lifts-sp-500-target-to-8000-on-earnings-growth-story-20260513\/\">Morgan Stanley lifts S&amp;P 500 target to 8,000 on earnings growth story<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/hormuz-closure-drives-opec-to-slash-demand-outlook-as-opec-output-falls-174-million-bpd-20260513\/\">Hormuz closure drives OPEC to slash demand outlook as OPEC+ output falls 1.74 million bpd<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/uae-denies-netanyahu-held-secret-meeting-with-emirati-president-during-iran-war-20260513\/\">UAE denies Netanyahu held secret meeting with Emirati president during Iran war<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/rubio-wants-to-china-to-come-to-the-rescue-in-iran-war-20260513\/\">Rubio wants to China to come to the rescue in Iran war<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/icymi-boston-feds-collins-raises-prospect-of-rate-hikes-if-inflation-broadens-20260513\/\">ICYMI &#8211; Boston Fed&#8217;s Collins raises prospect of rate hikes if inflation broadens<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/investinglive-americas-fx-news-wrap-13-may-20260513\/\">investingLive Americas FX news wrap 13 May: PPI shocks markets, stocks recover<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/icymi-euro-area-gdp-weakest-in-9-quarters-jobs-slow-industry-falls-sharpest-in-2-years-20260513\/\">ICYMI &#8211; Euro area GDP weakest in 9 quarters, jobs slow, industry falls sharpest in 2 years<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/the-sp-and-nasdaq-indices-close-at-record-levels-the-dow-industrial-average-lags-20260513\/\">The S&amp;P and NASDAQ indices close at record levels. The Dow industrial average lags<\/a><\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">World leaders struck a conciliatory tone as the Trump-Xi summit opened in Beijing, with Chinese President Xi Jinping telling his counterpart &#8220;we should be partners, not rivals,&#8221; while President Trump reflected that past difficulties between the two nations had ultimately been resolved. The high-stakes meeting, the first by a sitting U.S. president to China in nearly a decade, got underway with warmer opening exchanges than many had anticipated given the backdrop of ongoing trade tensions and the Iran conflict. <\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Currency markets drew attention as the People&#8217;s Bank of China set its onshore yuan fixing at its strongest level since March 2023, with the offshore yuan following to touch its highest since February of that year, a signal Beijing may be willing to allow further appreciation as the summit gets underway. Elsewhere in major FX, moves were contained, with the dollar holding onto gains accumulated after Wednesday&#8217;s stronger-than-expected U.S. PPI print.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">In equity markets, Japan&#8217;s Nikkei rose for a third consecutive session to reach a record high, driven by technology sector momentum, though the broader Topix slipped. South Korean shares extended their run to a second straight positive session, with Samsung Electronics touching record levels after the country&#8217;s finance minister pledged action to avert a labour strike. The KOSPI had already closed at a record high the previous day.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">In fiscal policy, Japan&#8217;s government is weighing a supplementary budget to cushion households from elevated fuel costs ahead of summer, according to Kyodo News, pushing 30 and 40-year JGB yields higher on debt issuance concerns. Chief Cabinet Secretary Kihara pushed back on the reports, leaving the plan&#8217;s status unclear.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">In corporate news, Cisco announced it is cutting around 4,000 jobs as part of an AI-focused restructuring, with shares surging approximately 20% in response.<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan weighs supplementary budget to shield households from fuel price surge Xi is meeting with Trump, we should get some news in a few hours China&#8217;s offshore yuan, CNH, trades to its&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430456","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430456"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}