MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, while Japan's Nikkei gained 1 percent to top the psychologically important 20,000-point level for the first time since August 2015.
China's stock markets are in focus as they reopen after a long weekend with the official survey on manufacturing likely to set the tone for markets there and possibly the rest of the region. The PMI survey, due at 0100 GMT, is expected to show factory activity in China expanded at its slowest pace in eight months in May, according to a Reuters poll.
Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in output from several members of the Organization of Petroleum Exporting Countries.
Japan's Nikkei gained 0.25 percent, thanks to a weaker yen.
Japan's Nikkei lost 0.4 percent, and is poised for a 0.5 percent loss for the week.
The nonfarm payrolls report is expected to show 190,000 jobs were added in the US private and public sectors in February.
Japan's Nikkei fell more than 0.1 percent, driven lower by demand for the safe haven yen.
Japan's Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent.
Japan's Nikkei and South Korea's Kospi each added 0.15 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in opening trades on Tuesday and held below a 19-month peak hit last Thursday. The index is up more than 11 percent since Dec. 23.
Japan's Nikkei added 1 percent and Australian stocks rose 0.9 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan was broadly flat, with early Asian markets such as Australia hemmed in tight ranges.
Spot gold, viewed as a safe-haven asset, was trading at USD 1,233.56 per ounce, up for the fifth straight session. The Japanese yen, another safe-haven play due to its large current account surplus, has appreciated strongly against major currencies.
Led by a strong performance in financials, the Dow Jones industrial average was up 0.94 percent, its best trading day for 2017, at 20.071.46, as the S&P 500 rose 0.73 percent to close at 2,297. The Nasdaq composite added 0.54 percent at 5,666.8.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat after touching its highest level since mid-October in the previous session. Morning trade in markets such as Australia was broadly steady, while Japan's Nikkei share average was up 0.6 percent.
Asian stocks rose to 3-1/2-month highs on Thursday, cheered by the Dow Jones Industrial Average breaching the 20,000-level for the first time, though concerns about US President Donald Trump's protectionist stance kept the dollar on the defensive.
Asian stocks gained early on Thursday, cheered by the Dow Jones Industrial Average breaching past the 20,000-level threshold for the first time though concerns about US President Donald Trump's protectionist stance kept the dollar on the defensive.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.16 percent. Early Asian markets such as Japan and Australia led the region higher.
Withdrawing from the TPP agreement was a promise Trump had made in his presidential campaign, saying it would protect American workers. The 12-nation trade deal was negotiated by former President Barack Obama's administration as a key pillar in his pivot to Asia.
SINGAPORE (Reuters) - Caution was the name of the game in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration later in the day, with Asian stocks and the dollar pulling back and U.S. Treasury yields hovering near their highest close this year.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent. Trade was thin with Wall Street closed on Monday for Martin Luther King Day.
MSCI's ex-Japan Asia-Pacific shares index .rose 0.3 percent after posting a rare loss in the previous session. Australia's S&P/ASX200 rose 1 percent while Hong Kong shares rose 0.4 percent. Trading was light because Japan is shut for a holiday.
The Nikkei Stock Average was down 0.56 percent. Shares of Toyota fell 2.03 percent, Nissan was down 2.04 percent, Honda off by 1.06 percent, Mazda Motor down 1.83 percent and Mitsubishi Motors off by 1.53 percent.
MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.2 percent, on track for a eighth consecutive session of gains. Early Asian markets such as Australia rose 0.4 percent.
Australian shares, however, were off to a robust start, jumping almost 1 percent, while South Korea added 0.2 percent.