Asian markets were mostly lower on Friday, amid lower oil prices and caution ahead of all-important U.S. June non-farm payrolls data.
In Japan, the Nikkei 225 dropped 169.26 points, or 1.1%, to 15,106.98,
In Hong Kong, the Hang Seng Index retreated 142.75 points, or 0.7%, to 20,564.17
In the Japanese market, Yahoo Japan was trading up 0.7% On Thursday, Credit Suisse issued a note starting coverage of the stock at outperform, as it expects positive earnings impacts from the company's e-commerce strategy.
Credit Suisse initiated coverage of Rakuten with a neutral rating, with shares of the company trading 3% lower. While Rakuten is positioned for long-term growth, it has some near-term headwinds to earnings growth and increasing competition in the e-commerce market, the note said.
Meanwhile, Japan's May current account surplus stood at at 1.81 trillion yen ($17.96 billion U.S.), falling 3.7% from a month earlier. The stronger yen curbed gains from investment overseas, but tourism income hit a record high.
Orient Securities was trading at HK$8.1 on its Hang Seng trading debut, after opening at $8.15 per share. The securities company raised about $1 billion U.S. in its Hong Kong initial public offering, making it the second biggest listing in the city after China's Zheshang Bank's $1.75-billion U.S. IPO earlier in March.
In other markets
Markets in Taiwan were closed for holiday
The Shanghai CSI 300 fell 17.67 points, or 0.6%, to 3,192.28
In Singapore, the Straits Times Index lost 15.13 points, or 0.5%, to 2,847.04
In Korea, the Kospi eased 10.98 points, or 0.6%, to 1,963.10
In New Zealand, the NZX 50 fell 7.42 points, or 0.1%, to 7,000.10
The ASX 200 inched forward 2.62 points, or 0.1%, to 5,230.54
