Asian shares traded mostly firmer on Friday, with Shanghai and Tokyo recovering from Thursday's sell-off following a positive lead from Wall Street and bets that Beijing will roll out more easing measures on the back of a fresh dismal economic data.
Overnight, Wall Street finished higher, helped by a surge in tech stocks ahead of the key April jobs report. The Nasdaq Composite and Dow Jones Industrial Average closed up 0.5 percent each, while the S&P 500 gained 0.4 percent.
In another relief for the stock market, Treasurys paused their rally with bond yields coming off morning highs. The benchmark U.S. 10-year Treasury note yield traded near 2.18 percent after hitting a high of 2.27 percent. Thirty-year bond yields traded around 2.91 percent after topping 3 percent, a four-month high.
Attention will now turn to the closely-watched U.S. nonfarm payrolls data due later in the day, which will shed some light on the state of the U.S. recovery and its capacity to withstand rate increases. A Reuters poll expects the U.S. to add 208,000 jobs in April, after posting its worst report since December 2013 in March with the creation of 126,000 jobs.