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Asia stocks mixed on Greece; Nikkei at new 15-year high

Asian equities were mixed on the last trading day of the week as traders played wait-and-see whether Greece will apply for an extension of its bailout program before the Friday deadline.

"Expectations are fairly high that an agreement can be reached. While this is only a short-term solution in preparation for deeper negotiations in coming months, it should be enough to alleviate some of the near-term pressure investors were concerned about," said Stan Shamu, market strategist at IG, in a note.

Trading volumes were thin for a second day due to market closures in China, Hong Kong, South Korea, Singapore, Taiwan and Malaysia.

Greece applied for an extension of euro zone financial support a day ahead of its Friday deadline, but the government requested a six-month assistance package rather than an extension of the bailout. However, the request was rejected by Germany and will be discussed at a Eurogroup meeting scheduled later on Friday.

Read MoreGermany snubs Greece: What to watch for next

Overnight, Wall Street shares closed narrowly mixed on Thursday, with the Nasdaq higher for seven days of gains - its strongest winning streak in a year - while the S&P 500 touched a new intraday record high.

Symbol
Name
Price
 
Change
%Change
NIKKEI
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HSI
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ASX 200
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SHANGHAI
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KOSPI
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CNBC 100
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Nikkei up 0.3%

Japanese shares rose to fresh fifteen-year highs for the second straight session, boosted by a weaker currency as the yen breached the 119 handle against the dollar.

Japan Display jumped over 5 percent on news it may be building a new factory plant in Japan to supply screen panels for Apple devices, according to local media.

Banks that rallied on Thursday fell on profit-taking, with Mizuho, Mitsubishi UFJ and Sumitomo Mitsui Financial down 0.3 to 0.5 percent each.

ASX dips 0.5%

Australia's benchmark S&P ASX 200 extended the previous session's losses with corporate earnings continuing to be the market's main driver.

Medibank Private slumped 3.5 percent after warning that rising costs could see customers scale back on insurance. Meanwhile, Platinum Investment Management closed down nearly 13 percent following a 15.4 percent fall in half-year net profit.

Warnings from S&P Ratings on Thursday that Australia's triple-A sovereign rating may be at risk also dented sentiment.