Asian stock markets traded cautiously on Friday as investors digested a raft of regional corporate earnings and as attention turned to first-quarter U.S. GDP figures for signs of whether the rally on Wall Street can continue.
Hong Kong stocks outperformed for a second session to hit a fresh one-month high on earnings optimism.
Japan's benchmark Nikkei 225 closed below the 13,900 level, Australia's S&P ASX 200 pared gains after hitting an earlier one-month high and Seoul's Kospi retreated from a two-week high. The Shanghai Composite lost 1 percent to dip below the 2,200 mark.
The Nikkei posted a weekly gain of 4.3 percent, making it Asia's best performing index this week.
The Bank of Japan left monetary policy unchanged at its Friday meeting, broadly in-line with expectations, after unveiling a blockbuster easing program earlier this month. The yen strengthened 0.5 percent on the news to trade at 98 per dollar.