South Korea’s Kospi surged to a record high for the third consecutive day on Friday, buoyed by optimism over ongoing trade talks with the United States, even as broader Asia-Pacific markets faced losses.

The Kospi touched an intraday high of 3,794.87 before settling slightly lower, closing marginally up at 3,748.89. In contrast, the small-cap Kosdaq index fell 0.68%, ending the day at 859.54, reflecting selective market pressure.

Elsewhere in the region, most markets traded weaker, following losses on Wall Street, where investor concerns over the banking sector and trade tensions weighed heavily. Shares of regional banks and investment bank Jefferies tumbled in the U.S. on Thursday amid fears of potential bad loans.

South Korea’s stock performance highlights a resilient domestic market, with investors encouraged by the ongoing negotiations with the U.S. while remaining cautious amid broader regional volatility.