MOOLENAAR CALLS IRS TO EXAMINE TAX-EXEMPT US ORGS W/ CHINA TIES

JAPAN CHIP STOCKS RISE SHARPLY AFTER IRAN CEASE-FIRE KIOXIA SHARES RISE 12%, ADVANTEST GAINS 8.7%, RENESAS ELECTRONICS CLIMBS 8.1%

Some of the world’s largest asset managers are rotating into bonds and AI-linked equities while trimming US dollar exposure, betting geopolitical risk has peaked after the US-Iran ceasefire. Schroders Plc and Jupiter Asset Management Ltd. are adding short-dated Treasuries, while Franklin Templeton expects a rally in 10-year yields. Allspring Global Investments is allocating to tech and defense stocks resilient to energy shocks. Falling oil prices have revived expectations of Federal Reserve rate cuts, lifting equities and pushing Asia-Pacific stocks to early-March highs. Treasury yields declined, the dollar weakened, and gold advanced. Franklin Templeton sees 10-year yields potentially testing the low 4% range.