Asian stock markets moved off session highs on Friday to end mixed with the Nikkei leading gains by 1.4 percent after its stunning 5 percent dive in the previous session. Sentiment improved after latest U.S. data eased concerns of an early end to the Federal Reserve's bond-buying program.
Lower-than-expected U.S. GDP figures and rising claims for unemployment benefits reassured investors that the Federal Reserve would not start tapering stimulus anytime soon.
(Read More: Can Global Markets Shake Off the Nikkei Jitters?)
Asia's traditional market laggard, the Shanghai Composite gained 5 percent in May, far outperforming Asia's major markets. Australia's index was the worst performer, down 4.7 percent for May.