Asian markets were sharply higher Friday after better-than-expected economic data, a rebound in the U.S. dollar and falling oil prices and triggered a rally on Wall Street. Both Japan and Australia closed 2 percent higher.
Data showed U.S. personal spending in March was higher than expected, while manufacturing activity did not contract as much as some analysts had feared. Investors are now focusing on the non-farm payrolls report due out later on Friday.
Oil prices dropped below the $112 level and have fallen from record highs near $120 hit last month as demand in top consumer the United States sags under the weight of surging fuel prices and wider economic problems.
The dollar's rise against the yen is boosted shares in exporters such as Honda Motors. However, resource firms such as China's CNOOC and Japan's Inpex Holdings fell as the stronger dollar hit commodities such as oil, gold and copper.