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• Asian markets were mostly lower in early Friday trade, following a relatively quiet overnight trading session as U.S. markets had been closed for the Thanksgiving holiday. Ahead, investors are likely to keep an eye on Chinese markets after equities took a tumble in the last session.

• Japan's Nikkei 225 was lower by 0.43 percent as markets reopened for trade after a day off. Losses were seen in trading houses, banks, manufacturing and retail names. Technology stocks were a mixed picture: Nintendo rose 1.22 percent, SoftBank Group edged up 0.81 percent and Sharp was down 0.98 percent.

• Meanwhile, Chinese equities are likely to be in focus when greater China markets open later in the morning after recording sharp declines in the last session. The Shanghai Composite closed down 2.26 percent and the Shenzhen Composite lost 2.92 percent by the end of Thursday. The blue-chip CSI 300 index tumbled 2.93 percent to suffer its largest one-day fall since June 2016, Reuters said.

• A mix of tighter lending rules and firmer bond prices were seen as reasons for the declines. Despite Thursday's freefall, market watchers said shares that were sold off had in fact risen in the past weeks and continued to possess relatively good fundamentals.

• U.S. markets have a shortened trading day on Friday.

Reference: CNBC