Asian equities mostly edged up on Friday, as investors took heart from less volatile share moves in the mainland.
However, gains were limited as the Shanghai Composite index finished in negative territory for the second straight session and on the back of negative factors such as an uninspiring lead from the U.S. overnight, falling commodity prices, and weak data from Japan.
Wall Street ended narrowly mixed on Thursday, as investors digested ho-hum earnings and U.S. second-quarter gross domestic product (GDP) that came in slightly below expectations. The blue-chip Dow and the S&P 500 ended near the flatline, while the Nasdaq Composite added 0.3 percent.
In the commodity space, U.S. crude futures slipped for a second session to trade around $48 a barrel in early Asian trad, as mixed economic data from the U.S. overnight weighed on sentiment, although a weaker dollar put a floor under prices. Spot gold hovered near five-and-a-half-year lows early on Friday and is on course for a sixth straight weekly fall.