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For the week, the Chinese stock index has risen by 15%, buoyed by China's pledge to ramp up fiscal support and take step to revive the housing sector.
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Reports suggested that Japan, touted as the last bastion of negative interest rates, will tighten its monetary policy on March 19.
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While the Japanese economy remains stagnant, companies continued to experience growth in terms of revenue and profits. Inflation and a weak yen have also helped
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Foreign cash continues to pour into Japanese stocks as investors take advantage of the cheap yen and corporate governance reforms that have boosted shareholder returns.
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Japan's Nikkei 225 rose 1.34 percent as the greenback strengthened against the yen, after the index finished lower by close to 1 percent in the previous session.
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The Nikkei 225 advanced 0.59 percent and South Korea's benchmark Kospi index edged up 0.01 percent.
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Stocks in Asia were mostly flat on Thursday following a slightly lower close on Wall Street in the last session and ahead of the Caixin PMI data from China due later in the morning.
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Japan's Nikkei 225 declined 0.25 percent after the dollar/yen slipped below the 111 handle.
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US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
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Indian benchmark indices are likely to open up tracking positive global cues. SGX Nifty at the time of writing this story was up 13 points at 8204.00.
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Indian indices are most likely to open flat tracking mixed global cues. The SGX Nifty wad down 25 points to 8052.
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ndian benchmark indices are likely to open flat tracking global events. SGX Nifty at the time of writing was down 17 points at 8130. Asian shares were a mixed bag on Monday with Tokyo up slightly on better-than-expected November trade data for imports and exports.
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Indian indices are likely to open up following a strong Asian market showing. The SGX Nifty at the time of writing was up 43 points to 8821.
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Indian indices may take cues from the global data and open lower today. SGX Nifty closed down 30 points at 8739.50.
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Japan's benchmark Nikkei 225 was off 0.1 percent, erasing earlier gains, and South Korea's Kospi extended losses, down 1.19 percent, after Yonhap broke news of a suspected nuclear test in North Korea after an earthquake was detected near a known nuclear testing site.
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Asian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important US June non-farm payrolls data.
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Asian markets opened modestly higher on Thursday, likely taking cues from a stronger finish in the US, helped by rising oil prices and the release of dovish Fed Reserve minutes.
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Markets in Asia sold off on Wednesday, as investors scurried into safe-haven plays on global growth concerns, sending bond yields to record lows.
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Japan's Nikkei 225 dropped 2.96 percent, after earlier tumbling some 3.2 percent on the back of fresh yen strength.
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The Hang Seng index was down 0.4 percent. Chinese mainland markets traded flat, with the Shanghai composite at 2,879.28 and the Shenzhen composite at 1,890.61.
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Australia's ASX 200 was up 0.35 percent, with some mining stocks coming under pressure. Shares of Oz Minerals were down 0.9 percent while South32 shed 2.22 percent. Major miners were mostly positive, though, with Fortescue up 0.35 percent.
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Oil was a key market mover with prices rallying more than 2 percent at the start of Asia's trading session as supply outages persisted over the weekend from Canada's wildfires that have shut half the country's vast oil sands capacity.
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The Nikkei 225 closed down 518.67 points, or 3.11 percent, at 16,147.38, after initially tumbling as much as 4.14 percent in early trade. On Thursday, the benchmark index shed 3.61 percent, after the Bank of Japan surprised markets by standing pat on its monetary policy.
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Adding to the subdued sentiment, a survey released on Sunday showed that activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, raising doubts about the sustainability of a recent pick-up in the economy.
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Australia's ASX 200 was down 0.21 percent after the open, with declines in the heavily-weighted financials sub-index and the materials sub-index. In South Korea, the Kospi was down 0.37 percent.
