For the week, the Hang Seng Index was down 181.38 points or 0.95 percent, marking the third straight weekly fall.
SEOUL
South Korean shares inched up as corporates and brokerages built positions after a firmer close on Wall Street eased some of the recent concerns about the US economic outlook, dealers said.
The market recouped early losses and briefly touched 1,430 points in late trade but the rally was not strong enough to convince cautious investors looking to central bank meetings in both the US and Japan.
The KOSPI index added 0.95 points at 1,427.88, after trading between 1,416.30 and 1,431.75. It ended the week with a gain of 4.3 points or 0.3 percent.
SHANGHAI
Chinese shares prices closed 0.72 percent lower as investors took profits, seeking to secure some gains after another volatile week, dealers said.
The benchmark Shanghai Composite Index, which covers both A and B-shares listed on the Shanghai stock exchange, closed down 21.22 points at 2,930.48.
The Shanghai A-share Index ended down 22.15 points or 0.71 percent at 3,079.09 and the Shenzhen A-share Index lost 11.89 points or 1.45 percent to 808.77 on turnover of 51.57 billion yuan.
SYDNEY
Australian share prices closed down 0.29 percent as sentiment remained cautious following the heavy sell-off earlier in the week on concerns at mounting problems in the US housing market, dealers said.
MUMBAI
Indian shares closed 0.9 percent lower as investors unwound positions ahead of the weekend on fears of a further weakening of global markets, dealers said.
The 30-share Mumbai stock exchange SENSEX index fell 113.45 points to 12,430.40.
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