Asian bourses finished mixed on the last trading day of the week on the back of falling oil prices, and as investors turned cautious ahead of Monday's launch of the Shanghai-Hong Kong bourse linkup. Japan's gross domestic product for the third quarter due next Monday also added to the cautious sentiment.
Overnight, U.S. stocks fluctuated, with energy companies slammed as the price of oil fell, countering upbeat earnings from the world's largest retailer Wal-Mart and data showing jobless claims holding at a 14-year low.
Oil prices touched four-year lows early Friday after government data showed U.S. crude stockpiles surged at the delivery point for crude futures. Brent traded at $77.92 a barrel while U.S. crude fell $2.84 to $74.34 a barrel, a trough from September 2010.
Malaysia's economy grew an annualized 5.6 percent in the July-September period, in line with expectations, according to government data released at noon. This is compared with 6.4 percent expansion in the preceding quarter.
Hong Kong's growth report card is due at 1630 SIN/HK. "We think China slowdown and the pro-democracy protests contributed to increased downside risk to growth, which undermines consensus forecast of acceleration in growth," wrote ING analysts in a note.
India's wholesale price inflation eased for a fifth straight month in October to 1.77 percent, its lowest level in more than five years, government data showed on Friday. The rise in the wholesale price index (WPI) compared with a 2.20percent year-on-year jump forecast by economists in a Reuters poll. InSeptember, wholesale prices rose 2.38 percent from a year ago.
Meanwhile, world leaders arrive ahead of this weekend's G20 summit in Brisbane, Australia.