Sydney adds 0.3%
Australia's S&P ASX 200 index entered a two-day winning streak on the last trading day of the week, but gains on the bourse were capped by miners which remained lackluster after iron ore prices lost 2 percent overnight.
Oil and gas producer Santos advanced 0.6 percent, after posting a 4 percent rise in third quarter production - the highest in 7 years - and a 16 percent jump in revenue for the first 9 months of 2014.
Virgin Australia traded flat on news that the budget airline will pay a nominal sum of A$1 to take full control of its 60 percent-owned Tiger Australia Airways venture.
BHP Billiton bowed to investor pressure and decided to pursue a secondary listing for its new spin-off in London, as well as Sydney and South Africa, while Oz Minerals announced that Terry Burgess will step down as CEO on Friday. The former crept up 0.2 percent while the latter lost 0.8 percent.
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Seoul drops 1%
After halting brief modest gain at the open, South Korea's Kospi index widened losses for the rest of the session to eventually close at a 3-month-low of 1,900.
Declining blue-chips weighed on the bourse as Samsung Electronics tanked 2.3 percent while Hyundai Motor slumped nearly 4 percent.
Meanwhile, the won scaled 0.6 percent to trade above 1,063 against the greenback, chalking up a 5-day winning streak.