Asian equities moved off session lows on Friday, led by a stellar rebound in Japan's benchmark Nikkei index as a weak yen and rising U.S. futures offset worries over a liquidity crunch in China and a scaling back of U.S monetary stimulus.
The Nikkei crossed the 13,000 level to rally as much as 2 percent following a 1.7 percent slide earlier in the session. Australian equities rose above a one-week low, and China's Shanghai Composite crept down 0.5 percent after losing as much as 1 percent. South Korea's benchmark Kospi remained the session's laggard, hitting a near one-year low.
(Read More: Feels Overdone, but Perhaps the Selloff Is Justified)
For the week, the Nikkei notched up gains of over 4 percent while the Shanghai Composite was the region's worst-performing index, down 4 percent.