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Asia Markets: Asian stocks log gains, with Korea rallying on news of Trump-Kim meeting

Early enthusiasm seen in global equities, sparked by news North Korean leader Kim Jong Un and President Donald Trump have agreed to meet by May, waned by Friday afternoon in Asia—but stocks stayed higher across the region.

“More-realistic expectations are setting in,” said Takahiro Sekido, Japan strategist at Bank of Tokyo-Mitsubishi UFJ.

Japan’s Nikkei Stock Average NIK, +0.47% briefly dipped into negative territory after rising as much as 2.4% in morning trading. It finished up 0.3% while South Korea’s Kospi SEU, +1.08% climbed as much as 1.8% before closing 1.1% higher.

Many other markets were up no more than 0.4%, though Hong Kong’s benchmark HSI, +1.02% was up nearly 1% and the startup-heavy ChiNext Price Index in China surged a further 3.6%, extending recent outperformance.

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