Nikkei slips 0.4%
Japan's Nikkei 225 fell back into negative territory in the afternoon session, weighed down by a 6 percent slump in index heavyweight Fast Retailing. The Tokyo bourse remained below the key 20,000 mark.
Shares of the owner of casual clothing chain Uniqlo plunged from the start of trade, as a weak outlook for domestic sales during the June-August period eclipsed a 36 percent jump in the company's nine-month profit.
Honda Motor recouped losses to finish flat, a day after announcing an expansion in recall to replace faulty airbags made by Takata Corp.
ASX gains 0.4%
Australia's S&P ASX 200 index eked out modest gains, thanks to a pick-up in interest for resources plays following a rebound in commodity prices overnight.
Market bellwether BHP Billiton and Rio Tinto elevated more than 2 percent each after the price of iron ore bounced back to $48.30 a tonne on Thursday.
A stabilization in crude oil prices also put some color back into struggling energy producers on Friday, with Santos and Woodside Petroleum rising 1.9 and 0.2 percent, respectively.
Kospi adds 0.2%
South Korea's Kospi index finished a tad higher on Friday, as lagging blue chips capped the bourse's advances.
Samsung Electronics and Hyundai Motor sagged 0.5 and 2.4 percent, respectively, while Kia Motors skidded 6.9 percent to a near 5-year low on concerns of weak sales in China.
Retailers such as Lotte Shopping and Shinsegae closed down 0.7 and 9 percent respectively, as they await the bidding results for a license to open new duty-free shops in downtown Seoul. However, Hotel Shilla surged 8.9 percent.
Meanwhile, financial markets in Taiwan are shuttered on Friday due to Typhoon Chan-hom.