Asian equity markets rose on Friday, tracking gains on Wall Street as easing geopolitical and trade tensions lifted risk sentiment. South Korean shares led the advance, climbing to a fresh record high, driven by strong gains in large-cap chipmakers. Japanese equities also moved higher after the Bank of Japan kept its policy rate unchanged at 0.75%, while investors assessed the implications of a potential snap election that could usher in increased fiscal spending under Prime Minister Sanae Takaichi. Markets in Australia, China and Hong Kong posted gains as well, rounding out a broadly positive session across the region.
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