Asian markets rallied in the afternoon session Friday, ending the week higher as upbeat profits results from companies such as Sony gave stocks a boost. Japan and Australia both finished over 1 percent higher, while South Korea advanced 2.6 percent.
Oil hit a record high over $91 on tight inventories and fresh signs OPEC will shrug off calls for additional oil. U.S. crude , touched a peak of $91.10 a barrel in early electronic trade on Friday.
The U.S. dollar languished near its life lows on expectations of further U.S. interest rate cuts after data showed unexpectedly poor sales of new U.S. homes and falls in orders for durable or long-lasting goods, underscoring weakness in the world's biggest economy.
The Nikkei 225 Average ended at the session's high, up 1.4 percent on a surge in blue-chip stocks such as Sony after good earnings results, prompting a wave of short-covering. But the market lacked overall direction, with activity centering more on short-term trading and company-specific factors such as earnings results than any clear market trends.