Spot gold was up 0.4% at $1,577.83 per ounce, as of 0030 GMT, having slumped 3.1% in the previous session. U.S. gold futures slipped 0.3% to $1,591.30.
Spot gold was up 0.5% at $1,657.29 per ounce by 0054 GMT, having fallen about 2% in the previous session on hopes for global stimulus measures to shield the world economy from the effects of the fast-spreading coronavirus.
The Kospi was down by 0.52 percent, with China-exposed stocks pressured following heightened tensions in the Korean peninsula. Shares for Lotte Shopping, the retail arm of conglomerate Lotte, fell by 1.59 percent, while shares of LG Electronics plunged 1.97 percent.
Nomura continues to see risk-reward unfavourable on balance, and maintain cautious view on Asian equities.
The Shanghai composite was down 0.7 percent and the Shenzhen composite fell 0.59 percent. Hong Kong's Hang Seng plunged 0.96 percent.
Our India strategists believe that FY16 may have been the last year of capex declines. Potentially favourable monsoons this year and additional spend in the economy by way of pay commission awards may add to the recovery later this year, says Mixo Das of Nomura.
The Nikkei futures' Friday close suggests Japan's Nikkei is likely to fall more than two percent, below its September trough to one-year lows while Australian shares on Monday fell 1.7 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.7 percent in early trade. Japan's Nikkei shed 3.3 percent, as downbeat domestic data added to the gloom.
Asian equities traded mixed on the second day in the final week of trading for 2015, following a lower finish on Wall Street, with prospects for a last-ditch Santa Claus rally appearing dim.
Asia is mixed early today with Nikkei correcting 0.5 percent from the day‘s high to trade flattish. The Kospi sees follow through selling. Straits is the only positive index.
Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday period.
By contrast, Taiwan's central bank cut interest rates for the second time this year and said it would keep monetary policy loose to shore up growth in the island's trade-dependent economy as the global demand outlook worsened.
The Federal Reserve's 25-basis-point increase was almost a decade in the making and easily one of the most telegraphed in history. So there was some relief that, after months of waiting and several false starts, the move was finally done and dusted.
With a hike seen as a mostly done deal after more than a year of anticipation, investor focus is fixed on how the Fed might opt to pace its tightening cycle next year. The central bank has hinted that it intends to hike rates gradually.
Markets were also focused on whether the People's Bank of China (PBOC) would continue to guide its currency lower, with traders wary about the central bank's intentions after it set the yuan/dollar official midpoint at 4-1/2-year lows in recent session.
Asian equities markets traded cautiously on Tuesday after oil prices fell more than 5 percent overnight.
The Chinese stock market, which saw its worst weekly performance last week since August, trimmed early gains and was back in negative territory as ongoing investigations into brokerages on short-selling and speculation charges hurt sentiment.
US stocks closed mixed on Friday due to a 3 percent decline in oil prices. Oil tumbled USD 1.33, or 3.09 percent, to USD 41.71 a barrel as the dollar index, which hit a fresh eight-month high, added additional pressure to an oversupplied market.
Asian equities opened higher on Thursday after US markets reacted positively to the release of Federal Reserve's October meeting minutes that signaled a likely interest rate hike in December.
The Canadian dollar, already under pressure from sliding crude oil prices, faced extra headwinds as Canada's Liberal Party, was tipped to won Monday's general election which would pave the way for increased government spending.
Japan's Nikkei 225 index extended gains amid a broad-based rise on Friday, thanks to fresh weakness in the yen.
Asian equities extended gains into a second session on Tuesday following another US rally, while investors also kept an eye on the region's central banks. Markets in China remain closed until Wednesday for National Day holidays.
Asian equities kicked off the trading week on a positive note after a weak US employment report on Friday cooled expectations that the Federal Reserve will start raising interest rates soon.
Asian equities followed Wall Street higher early Thursday, but caution remained the overall sentiment ahead of the release of key data from around the region.
Asian equities mostly widened losses early Wednesday, after China's flash Caixin purchasing managers' index (PMI) fell to a six-and-ah-half-year low of 47.0 in September.