Kospi jumps 2.82% to extend record run as Nikkei rises 0.79% amid scrutiny of conditional U.S.-Iran deal

Asia-Pacific markets were mixed on Friday, led by South Korea’s Kospi up 2.82% and Japan’s Nikkei 225 up 0.79%, while Australia’s ASX 200 fell 0.89%. China, Hong Kong and Taiwan were closed for a holiday. Investors weighed the potential impact of a conditional U.S.-brokered arrangement between Washington and Tehran on regional stability alongside a rebound on Wall Street, where the Nasdaq rose 1.91% and the S&P 500 gained 1.08%. The agreement has not taken effect, and officials on both sides said it remains subject to conditions.