Asian stocks were tepid, reflecting the differing fortunes for developed and emerging market economies faced with higher U.S. interest rates.
"Emerging market countries have been hit the hardest by capital leaving in search of higher yields and return along with the growing cost of paying back dollar denominated debt," wrote Kathy Lien, managing director of FX strategy at BK Asset Management.
MSCI's broadest index of Asia-Pacific shares outside Japan was a shade lower after falling 1.8 percent on Thursday.
Japan's Nikkei share average rose on Friday to cap a nine-day rally as strength on Wall Street and a weaker yen buoyed confidence.
The Nikkei climbed 0.7 percent to 19,401.15, with the ninth day of gains the longest winning streak since May 2015.
For the week, the benchmark index rose 2.1 percent, posting sixth weekly gains.
The broader Topix rose 0.5 percent to 1,550.67 and the JPX-Nikkei Index 400 advanced 0.6 percent to 13,882.89.
China stocks edged higher on Friday, but showed the biggest weekly fall in several months reflecting tougher regulation of insurers, plus a yuan and bond market sell-off after the Fed raised rates and hinted at more to come quite soon.
The blue-chip CSI300 index rose 0.2 percent, to 3,346.03 points, while the Shanghai Composite Index also added 0.2 percent to 3,122.98 points.
For the week, the CSI300 slumped 4.2 percent, its worst since end-January, while the SSEC was down 3.4 percent, its worst retreat in nearly eight months.
Reference: Reuters
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