Asian equity markets ended mixed on the final trading day of the week amid concerns of a worsening situation in Ukraine.
On Thursday, Ukraine accused Russia of invading the country following a fresh offensive into the coastal town of Novoazovsk. The accusation came after NATO warned that , releasing photos purporting to show troop movement in the region.
That saw U.S. stocks decline overnight with the halting a three-day winning streak to end below 2,000. But strong economic data helped stem the losses; second-quarter growth was revised higher to show a 4.2 percent gain while pending home sales hit an eleven-month high.
For the month of August, Japan's benchmark index was the worst performer with losses exceeding 1 percent while the Shanghai Composite index saw the biggest gains, up 1 percent.
Nikkei down 0.2%
Japan's benchmark Nikkei index fell for a second day, hitting a near two-week low, as investors digested a mixed bag of data. July's core consumer price index rose an annual 3.3 percent, in line with forecasts, while household spending came in much worse than expected.
Shanghai up 1%
China's benchmark index enjoyed a solid rebound after closing at a three-week low in the previous session.
In earnings news, Industrial and Commercial Bank of China gained 0.9 percent despite reporting its slowest first-half net-profit growth since 2009 late on Thursday while PetroChina lost 0.5 percent after posting a 4 percent rise in first-half net profit from a year ago.
ASX dips 0.1%
Australia's benchmark index fell for a second day, hitting a new one-week low in extremely quiet trade.
Virgin Australia ended 0.6 percent higher after posting weaker-than-expected annual earnings and announcing that it will sell a 35 percent stake in its frequent flyer program to private equity firm Affinity Equity Partners.
Kospi sheds 0.3%
South Korea's benchmark Kospi fell despite data showing that industrial output rose for a second month in July.
Construction firm Dongbu slumped 15 percent after local media reported that it was facing a liquidity crunch.