FX.co ★ Asian Stocks Advance

Asian equity markets experienced a rise on Friday, mirroring gains observed on Wall Street as a reduction in geopolitical and trade tensions boosted investor confidence. Leading the advance were South Korean stocks, reaching new record highs, largely propelled by significant gains in major chipmaking companies. Meanwhile, Japanese stocks also saw upward movement following the Bank of Japan's decision to maintain its policy rate at 0.75%. Investors are evaluating the potential impact of a possible snap election, which could lead to increased fiscal spending under Prime Minister Sanae Takaichi. Additionally, markets in Australia, China, and Hong Kong showed positive outcomes, contributing to a broadly favorable trading session across the region.