Asia markets were mostly lower on Friday as major indexes see-sawed between gains and losses, with analysts questioning if a potential rebound will last.
In China, the Shanghai composite fell 0.19 percent to close at 2,598.85 while the Shenzhen composite slipped 0.169 percent to 1,290.62. Hong Kong's Hang Seng index declined 0.92 percent in late-afternoon trade.
South Korea's Kospi dropped 1.75 percent to close at 2,027.15 while the Kosdaq index fell 3.46 percent to 663.07. Shares of major chipmaker SK Hynix saw a recovery from earlier losses, gaining 3.55 percent while Samsung Electronics was flat.
Australia's ASX 200 closed near flat at 5,665.2, with the heavily weighted financial subindex up by 0.35 percent. Shares of the country's so-called Big Four banks saw gains: ANZ advanced 0.44 percent, Commonwealth Bank gained 0.83 percent, the National Australia Bank was up 0.69 percent and Westpac rose 0.46 percent.
The moves in Asia followed overnight gains on Wall Street. Analysts remained skeptical about any potential bounce back in the region.
"We suspect that many investors are likely to be still licking their wounds after the recent sell-off so any rebound is likely to be muted barring a fresh catalyst," analysts at Singapore's OCBC Bank said in a morning note.