Asian equity markets posted broad gains on Friday, extending a multi-day rally that has lifted regional indices to new highs.
The advance was anchored by a record-breaking surge in South Korea, where the battered market staged a significant comeback, signaling a potential bottom in the recent selloff of AI-linked assets.
Wall Street’s positive performance provided additional tailwinds for the session.
The yen emerged as the primary focus for currency traders, weakening sharply amid speculation of official intervention.
Market participants are closely monitoring the Bank of Japan’s response to the currency’s depreciation, with the potential for direct action weighing on sentiment.
The move has intensified scrutiny on Japanese monetary policy and its impact on regional trade dynamics.