Asia Mixed as U.S. Rally Hits Record; Korea Extends Fresh Highs

Wall Street’s S&P 500 closed at a fresh high even as Asia-Pacific markets were split: South Korea extended fresh peaks in the Kospi and Kosdaq, while Japan fell and Hong Kong and mainland China rose. Indonesia’s Jakarta Composite slumped more than 7% after MSCI flagged a possible downgrade to frontier status. The yen strengthened toward a three-month high, spot gold touched a record, and traders awaited the Fed decision with U.S. futures mixed.