Asian stocks surged on Friday as investors were optimistic about a potential interest rate cut by the US Federal Reserve and progress in US-China trade talks. Japan’s Nikkei rose 1.2% and South Korea’s KOSPI gained 1.4%, leading the rally. The positive sentiment also boosted other major indexes in the region.

Read more at Investing.com: Asia stocks rally on Fed cut bets, US-China trade progress; Japan, S.Korea lead