A Hamas official said the Gaza agreement is phased and must be implemented in stages.

South Korea's KOSPI closed Friday up 18%, its largest single-day gain on record, reversing a three-day decline. LSEG data show five of the index's ten biggest single-day rallies have occurred since March, and three of the four largest single-day drops in the past decade occurred in the last five weeks. KB Financial strategist Peter S. Kim said market 'gamification' is producing sharp moves driven more by news and momentum than fundamentals, posing a significant challenge for policymakers. BNP Paribas analyst William Bratton said volatility is likely to remain elevated and Korea is central to debates over the sustainability of an AI-driven tech supercycle.

BANK OF JAPAN Governor UEDA said current bottlenecks to capital expenditure stem mainly from labor shortages and rising material costs, not higher interest rates.