The Shanghai Composite down by 0.3 per cent, Hong Kong's Hang Seng index slipped by 0.5 per cent, the Nikkei 225 declined by 0.21 per cent and South Korea's Kospi also fell by 0.8 per cent.

Meanwhile, Asian share markets slipped and oil price gains stalled as the growing death toll and economic damage from the coronavirus outbreak capped the week's sharp rally.

Asian stocks edged up following record closes in Wall Street benchmarks after encouraging economic data, although investors kept an eye on developments in the coronavirus outbreak.

MSCI's broadest index of Asia Pacific shares outside Japan was up by 0.3 per cent while Japan's Nikkei stock index rose by 1.19 per cent. Shares in China rose by 0.5 per cent while stocks in Hong Kong climbed by 0.42 per cent in early trading.

Among stocks, index heavyweight Reliance Industries gained by 2.34 per cent at Rs 1,417.90 per share while Hero MotoCorp was up by 2.4 per cent at Rs 2,435 per share. Bharti Infratel, Hindalco, UltraTech Cement and HDFC Bank too edged higher by over 2 per cent each.

Hindustan Unilever Limited was the top gainer and moved up by 4.07 per cent to trade at Rs 2,159.35 per share. Asian Paint was up by 4 per cent, IndusInd Bank Limited by 3.37 per cent, and Nestle India by 3.28 per cent.

Equity benchmark indices ended lower on Friday ahead of the Union Budget even as the Economic Survey estimated that India's GDP will grow at 6 to 6.5 per cent in the financial year beginning April 1.

Born out of the rich racing heritage of TVS Racing, the motorcycle is an extension to the company's ethos of ensuring higher levels of customer experience with greener technology.

Reliance Industries fell by over 1 per cent to Rs 1,464.45 per share while metal majors Tata Steel and Hindalco slipped by 1.4 per cent and 1.06 per cent respectively.

But Japan's Nikkei stock index advanced by 0.4 per cent and South Korea's Kospi also added 0.5 per cent. Markets in China were closed for a holiday.