ASIAN markets have closed mixed, with Tokyo tumbling as the US dollar fell to a two-week low against the yen after suffering a sell-off in New York.
A disappointing batch of jobs and consumer data out of the United States kept Wall Street muted, although they provided hope that the Federal Reserve will hold off winding down its stimulus for the time being.
Tokyo on Friday dived 2.97 per cent, or 432.95 points, to 14,129.98 and Shanghai was 0.51 per cent off, shedding 10.32 points to 2,010.85.
Seoul was flat, edging up 1.20 points to 1,910.81, while Sydney added 0.13 per cent, or 6.4 points, to close at 5,042.0. Hong Kong was up 0.31 per cent by the close, adding 67.99 points to 21,968.95.
The Nikkei on Friday suffered its worst loss since the start of June after the US dollar tumbled against the yen as dealers absorbed the weak US figures.
The Labor Department said initial jobless claims rose to 343,000 in the week ending July 20, an increase of 7,000 from the prior week's upwardly revised 336,000 claims, and more than the 340,000 expected.
Durable goods orders rose 4.2 per cent in June, but BK Asset Management managing director Boris Schlossberg said the result missed expectations when the volatile transportation sector is excluded, leaving orders flat.
The figures increased the likelihood the Fed would keep its bond-buying scheme in place for the rest of the year to make sure the US economy can get back on track. It also means the bank will continue pumping dollars into the financial system, meaning it is less in demand.
The greenback sank to Y99.24 in New York on Thursday, from Y100.00 earlier in Tokyo.
And in early Japanese trade on Friday, the US unit fell even further to Y98.55.
The US dollar also fell against the euro on Thursday in the wake of a closely watched German business climate index, which rose more than forecast this month.
The euro traded at $US1.3290 on Friday from $US1.3277 in New York, and well up from Thursday's level of $US1.3209. The single currency was also at Y130.99 from Y131.75 in New York.
In US equity trading the Dow edged up 0.09 per cent and the S&P 500 added 0.26 per cent. But the Nasdaq rose 0.71 per cent, driven by Facebook, which soared 30 per cent following a better-than-expected earnings report.
On oil markets, New York's main contract, West Texas Intermediate for September, eased 79 US cents to $US104.70 a barrel, while Brent North Sea crude for September tumbled 65 US cents to $US107.00.
Gold cost $US1,332.58 per ounce at 1810 AEST, compared with $US1,313.40 late on Thursday.
In other markets:
- Taipei fell 0.17 per cent, or 14.18 points, to 8,149.40.
Smartphone maker HTC fell 0.57 per cent to $Tw175.0, while Hon Hai was 0.39 per cent lower at $Tw78.9.
- Manila fell 0.54 per cent, or 36.49 points, to 6,763.62.
Metropolitan Bank and Trust slipped 1.53 per cent to 109.30 pesos while BDO Unibank dropped 3.15 per cent to 83 pesos.
- Wellington rose 0.11 per cent, or 5.19 points, to 4,581.99.
Fletcher Building was up 0.48 per cent at $NZ8.31 and Telecom was steady at $NZ2.35.
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