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Most Asian markets declined Friday to end the week on a downbeat note, in the wake of a rebound in commodity prices and jitters about a slowing global economy.

Hong Kong's stock exchange was closed due to Typhoon Nuri while the benchmark Nikkei 225 fell 86.17 points, or 0.68 percent, to 12,666.04, the lowest since April 1.

Among the sectors in Japan hit by the rise in oil prices were airlines and rubber companies. Japan Airlines closed down 1.33 percent at 223 yen, and Bridgestone Corp., one of world's largest tire makers, fell 2.43 percent to 1,729 yen.

The strengthening yen, which reduces the value of overseas profits when repatriated to Japan, battered major exporters. Sharp Corp. tumbled 2.26 percent to 1,340 yen, and Honda Motor Co. down 2.55 percent to 3,440 yen.

Chipmakers headed south as well, as prospects for the semiconductor market remained dim amid falling DRAM prices. Elpida Memory declined 1.71 percent to 2,590, and Advantest, a top maker of semiconductor testers, fell 3.54 percent to 2,195 yen.


Elsewhere:

New Zealand's NZX 50 index dipped 0.6%.

Taiwan's Taiex slipped 0.1%.

Thailand's SET index rose 0.7%.

Singapore's Straits Times Index was little changed.

China's benchmark Shanghai Composite Index shed 1.1 percent to 2,405.23.

Australia's S&P/ASX 200 index rose 1.2% to 4,931.40




with files from other wire services