Asia-Pacific markets trade mixed-

Asia-Pacific markets traded mixed Friday following a volatile session, as the prospect of a peace deal in the Middle East remained murky amid contradictory messaging from the US and Iran, reports CNBC.

South Korea blue-chip Kospi pulled back 0.4% to end at 5,438.87, paring losses earlier in the session, while the small-cap Kosdaq rebounded to gain 0.4% and finish at 1,141.51. Australia's S&P/ASX 200 fell 0.11% to 8,516.3. Japan's Nikkei 225 slipped 0.43% to 53,373.07, and the broad-based Topix added 0.19% to 3,649.69.

Hong Kong's Hang Seng index rose 0.38% to 24,951.88 while mainland China's CSI 300 climbed 0.56% to 4,502.57.

China's industrial profits jumped 15.2% from a year earlier in the January-February period, the National Bureau of Statistics data showed Friday, extending a sharp rebound from a 5.3% jump in December.