Asian stocks tumbled on Friday as a sell-off on Wall Street overshadowed upbeat Chinese trade data and as as attention turned to October's U.S. non-farm payrolls report.
U.S. investors reacted negatively to stronger-than-expected third-quarter growth data as it fueled fears of an early reduction in monetary stimulus. The Dow fell 1 percent, the took its worst hit in ten weeks and the skidded 2 percent after .
Economists expect the U.S. economy to add 125,000 jobs in October, according to a Reuters poll, which would be one of the weakest reports of the year.
(Read more: We're in a worse position than in 2008: Marc Faber)
China data in focus
Mainland exports rose by a better-than-expected 5.6 percent in October from a year earlier, well above economists' forecast for a rise of 3.2 percent, according to a Reuters poll.
"China data has been a highlight in the Asian session, with trade balance coming in at a much better-than-expected $31.1 billion. Analysts feel this data goes a long way towards reinforcing China stability," said Stan Shamu, market strategist at IG in a note.
Meanwhile, the European Central Bank's interest rate cut on Thursday took investors by surprise after it cut its main interest rate by 25 basis points to 0.25 percent. Many strategists had not expected the central bank to make a move until December.
(Read more: ECB rate cut jolts markets, but is it the fix?)
Emerging markets weigh
Thailand's SET shed 1.42 percent ahead of a decision over an amnesty bill for former leader Thaksin Shinawarta. Indian shares meanwhile, eased 0.8 percent.
Nikkei 1% lower
Japanese shares ended at a one-month low, weighed down by weak earnings reports.
Camera maker Nikon fell nearly 4 percent after posting a 44 percent decline in the second quarter while social gaming firm DeNa lost 11 percent after its earnings missed guidance.
Exporters were some of the worst performers as the yen moved off Thursday's multi-week low against the greenback. Suzuki Motor declined 4.8 percent, Sharp eased nearly 3 percent and Sony lost 2.6 percent.
Shanghai slips 1%
China's benchmark index closed at its lowest level in two months as investors stayed on the sidelines amid uncertainty ahead of the Third Plenum meeting that kicks off on Saturday.
(Read more: Five things you should know about China's Plenum)
"Anyone looking for a decisive and detailed statement about reforms will be disappointed. At most, broad principles, largely known, will be served up at the conclusion of the third plenum," said Frederic Neumann, co-head of Asian Economics Research at HSBC, in a note.
Commodity stocks were among the worst-performers on the back of weaker metal prices. Rare-Earth fell over 4 percent while Xiamen Tungsten lost over 3 percent.
Bulk shipper Cosco fell nearly 4 percent following a report that its director is under investigation for "violation of discipline."
Monthly figures for inflation, industrial output and retail sales are due on Saturday.
Sydney down 0.4%
Australia's share market pared losses after the Reserve Bank of Australia maintained its easing bias in its quarterly policy report. Still, the index snapped four weeks of consecutive gains.
Westpac Banking fell 2.8 percent as it traded ex-dividend while Echo Entertainment declined 4 percent after stating that low consumer spending is hurting its revenue growth.
Kospi below 2,000
Hyundai Motor eased 2.2 percent ahead of the election of its labor union chief.
— By CNBC.com's Nyshka Chandran. Follow her on Twitter @NyshkaCNBC