Asian stocks were trading mixed on Friday in morning session as Investors kept an eye on Chinese markets, which bounced back after taking a tumble in the last session.
In Tokyo, Nikkei 225 was lower by 0.47% as markets reopened for trade after a day off. Trading houses, banks, manufacturing and retail companies were seen losing, while technology stocks were a mixed picture. Nintendo rose 1.98%, SoftBank Group edged up 0.46% and Sharp was down 0.98%.
Across the Korean Strait, the Kospi tacked on 0.03%, with tech heavyweight Samsung Electronics off by 0.07%. Brokerages and financials were slightly lower.
Down Under, the S&P/ASX 200 shed 0.24%. Most sub-indexes were little changed. However, the industrials and information technology sub-indexes fell 0.62% and 0.82% respectively.
Chinese equities were in focus after greater China markets recorded sharp declines in the last session. Hong Kong's Hang Seng Index clawed back gains to climb 0.39% after closing 1% lower on Thursday.
On the mainland, the Shanghai Composite was 0.17% lower and the Shenzhen Composite was off by 0.04%.
In corporate news, Australian department store chain Myer's annual general meeting is set to take place on Friday. Shares of Myer were flat.
Shares of Mitsubishi Materials tumbled 9.05% after the company acknowledged that some of its units falsified product data to meet requirements.
SenseTime Group, a Chinese artificial intelligence company, intends to launch an initial public offering, according to reports.