Sydney 0.5% lower
Australian stocks snapped seven straight weeks of weekly gains due to broad-based declines in resources as copper and gold headed for weekly losses.
Global miners BHP Billiton closed down 1.3 percent while Kingsgate Consolidated fell 2.4 percent.
Home builders fell after Moodys said national property prices could face a correction after data showed home prices jumped over 5 percent in the second quarter from 2012. James Hardie led losses by 0.8 percent
Separately, builder Leighton Holdings fell 4.5 percent following the previous day's 10 percent slump on reports of corruption and bribery.
Kospi slips 0.1%
South Korean equities erased early gains to track Asia-wide losses as markets resumed trade after being shut on Thursday for a public holiday.
Index heavyweight Samsung Electronics closed flat following an initial 1 percent spike after estimating its third-quarter operating profit at 10 trillion won ($9.4 billion), topping average forecasts.
Automakers Hyundai Motor and Kia Motors rallied 0.8 and 2.2 percent, respectively as a stronger Japanese yen boosted their competitive advantage in overseas markets.
The Kospi briefly fell below 1,991 points to hit a three-week low earlier in the session.
— By CNBC.com's Nyshka Chandran. Follow her on Twitter @NyshkaCNBC