South Korea’s Kospi index surged beyond 2%, achieving a new record on Friday. This boost followed regional market gains after the White House announced upcoming discussions between U.S. President Donald Trump and China’s President Xi Jinping next week. The index settled at 3,941.59, marking a 2.5% increase.

White House Press Secretary Karoline Leavitt revealed that Trump plans to depart for Malaysia late Friday. His itinerary includes visits to Japan and South Korea, culminating in a meeting with Xi next Thursday after his address at the Asia-Pacific Economic Cooperation CEO Summit.

Meanwhile, South Korea’s Kosdaq, which focuses on smaller companies, climbed 1.27%, reaching 883.08. On Friday, the country’s finance ministry expressed its readiness to intervene in the foreign exchange market to curb the ongoing volatility in the won-dollar exchange rate.

The South Korean won experienced a 0.11% increase against the dollar, closing at 1,434.7 on Friday. Despite sliding over 4% against the dollar in the past three months, the won has appreciated 2.86% this year.

Japan’s benchmark Nikkei 225 index climbed 1.35% to end the trading day at 49,299.65, while the Topix added 0.48% to close at 3,269.45. Japan’s core inflation rate accelerated to 2.9% in September, the first increase since May and in line with expectations from economists polled by Reuters.

This was higher than the 2.7% seen in August. The core inflation metric in Japan strips out the prices of fresh food but includes energy costs.

Headline inflation in Japan also climbed to 2.9% from 2.7% the previous month.

Australia’s ASX/S&P 200 lost 0.15% to close at 9,019. The Reserve Bank of Australia is planning to review upgrades to the nation’s interbank settlement system from next year, Governor Michele Bullock said Friday.

She said the central bank will examine ways to modernize the Reserve Bank Information and Transfer System — the nation’s interbank settlement platform — including adopting newer data-exchange technology, extending operating hours, and expanding the use of central bank money for settlements.

Hong Kong’s Hang Seng Index rose 0.77%, while mainland CSI 300 added 1.18% to end at 4,660.68.

Overnight, the three major averages closed higher. The S&P 500 climbed 0.58% to close at 6,738.44, boosted by tech stocks, after a batch of strong earnings results.

The Dow Jones Industrial Average traded up 144.20 points, or 0.31%, to finish at 46,734.61. The Nasdaq Composite outperformed, rising 0.89% to settle at 22,941.80, seeing support from the gains in Nvidia, Broadcom and Amazon. A nearly 3% jump in shares of fellow artificial intelligence player Oracle also boosted sentiment.

— CNBC’s Sean Conlon, Pia Singh and Lim Hui Jie contributed to this report.