investingLive Asia-Pacific market news wrap: Oil-Iran-US steady, yen jumped, stocks too

Asia rallies on chip rebound and Japan pension-flow hopes as Iran risk fades Japan to press GPIF on domestic assets as JGB selloff exposes BOJ independence fears Citi holds $75 Brent base case for Q3: US-Iran deal, Hormuz reopening seen Yen has continued to gain after finance minister Katayama's comments South Korea says won still misaligned, sees relief coming in H2 SEO headline: (86 chars) Japan producer prices hit fastest pace since 2023, keeping BOJ on track to hike Yen up - Japan's Katayama seeks measures to push GPIF, pension funds into domestic assets PBOC sets USD/ CNY reference rate for today at 6.7989 (vs. estimate at 6.7931) Japan's Katayama vows fiscal trust as ruling party tweaks economic blueprint Japan's Kiuchi says FX driven by rate gaps and inflation, not government view Japan June 2026 PPI +7.1% y/y vs. expected 6.8% and prior 6.3% Sovereign wealth funds pivot to national priorities as AI spending hits $404 billion OpenAI's Simo to step down permanently, complicating IPO plans as Altman seeks successor Reports a US official says talks will continue with Iran on nukes Major US indices close higher led by the Nasdaq index Oil holds steady as Iran-US tensions cool, but Asia's real story is chips and the yen Crude traded in narrow ranges Friday with no fresh geopolitical escalation, easing worries over threats to energy infrastructure after this week's strikes A US official said late Thursday that Washington remains committed to a resolution with Iran, with technical talks ongoing and regional mediators pushing to revive a nuclear deal Japan's Nikkei rallied around two percent and South Korea's Kospi jumped more than four percent on an AI chip rebound following a major US chipmaker's capex pledge The yen and Japanese government bonds firmed as Tokyo signalled it will look to steer...