Concerns over China's relentless sell-off and Greece's debt crisis sent Asian equity markets into a tailspin on Wednesday.
Mainland shares led losses in a mixed trading session in Asia on Tuesday.
China was the lone bright star in Asia on Monday, after a 'No' vote in Greece ignited a wave of risk aversion.
Stock markets in China extended their selloff on Friday following news that securities regulators are investigating suspected market manipulation.
China's Shanghai Composite index crashed more than 7 percent on Friday, chalking up its worst single-day loss since January 19.
Asian equities mostly advanced on Monday after Greek Prime Minister made a new offer of reforms over the weekend.
Mainland shares suffered a steep correction on Friday, underperforming other regional bourses which followed Wall Street higher.
Chinese stocks crumbled under the weight of IPOs on Thursday, while a dovish Federal Reserve did little to help sentiment.
Asian shares mostly rise on a quiet Friday, with China's Shanghai Composite index edging up to its highest close since January 2008.
Asian equity markets tide over a data-heavy Thursday with advances across the board.
Stock markets in China rode out a volatile session to settle at new seven-year peaks on Friday, while other bourses in the region nursed modest losses.
A majority of Asia's stock markets fell on Wednesday, as upbeat economic data in the region failed to boost trading sentiment.
As regional bourses stumbled on the back of a slew of central bank decisions, Shanghai stocks outperformed on Tuesday.
Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses, while Japan was the "quiet achiever" for the day.
Mainland markets were the biggest losers in the region on Thursday, as fears over tighter requirements on margin financing ignited risk-off sentiment.
The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.
China's equity markets stood out amid mixed trading in the region on Thursday, as investors bet on further economic stimulus from Beijing.
Asian equities traded mixed on Thursday, with Sydney and Tokyo coming under pressure as their local currencies strengthened against the greenback.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
China stocks soared to multi-year highs on Monday while caution over central bank meetings weighed on the rest of Asian indices.