Asian equity markets were mixed on the final trading day of the week, following an uninspiring U.S. lead and as investors avoided making aggressive bets before a key set of Chinese data over the weekend.
"Most of Asia has continued to struggle today, with a degree of caution being exercised ahead of next week's FOMC meeting, a raft of China data and fresh EU sanctions on Russia. It seems the market is growing increasingly hawkish on the Fed," wrote IG's market strategist Stan Shamu in a note.
Overnight, U.S. stocks recovered from early losses, as geopolitical tensions lingered ahead of key monthly data. Investors kept an eye on the world economy with Thursday's reports that the United States and its European Union allies would increase sanctions against Russia and President Barack Obama's announcement on Wednesday of new plans to fight Islamic State militants.