Sydney adds 0.5%
Australia's benchmark S&P ASX 200 index stretched its rally into a sixth consecutive session. Earlier in the session, it hit a near four-month high of 5452.
Insurance Australia Group gained 1.4 percent on robust first-half results. Mineral sands miner Iluka Resources reversed early losses to bounce back 1.6 percent, despite posting a 95 percent slump in annual profit. Other mining stocks also positive gains; Whitehaven Coal and Fortescue Metal rose over 2.5 percent each.
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Underperforming the bourse was National Bank of Australia, the only banking stock trading in the red on Friday. It fell nearly 2 percent despite announcing a rise of 11 percent in first-quarter profit.
Meanwhile, the Aussie regained some ground to trade at 0.8992, after hitting a one-week low of 0.8937 against the U.S. dollar on Thursday.
Korea gains 1.4%
South Korean shares snapped a two-day losing streak to hit a near one-month high of 1957. The addition of 1.4 percent was also the Kospi index's biggest daily rise since November 15.
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News about South Korean household consumption spending grew for the first time in six quarters in the last quarter of 2013 lifted sentiment, as this pointed to growth momentum in domestic demand.
Blue-chip stocks were mostly higher, with Samsung Electronics and KB Financial Group surging over 3 percent. The former is set to release its latest Galaxy S5 mobile phone at a trade show in Barcelona.
Naver shares, which saw steep declines on Thursday after Facebook's plan to buy WhatsApp sparked worries about rising competition, rose 2 percent on Friday.
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