The composite index rose 1.12 points to 894.57.
SHANGHAI
Chinese share prices closed 0.49 percent higher, lifted by strong earnings in banks with property developers also in favour due to the strengthening currency.
Dealers said stocks rebounded after being in negative territory for most of the day before late bargain hunting in key financial and property shares lifted the key index to a positive finish.
The Shanghai Composite Index, was up 27.74 points at 5,589.63 on turnover of 87.41 billion yuan (US$11.65 billion).
Baoshan Iron & Steel Co (
Central bank Governor Zhou Xiaochuan (
SEOUL
South Korean share prices closed 2.6 percent higher, rising in tandem with key regional markets, as large-cap chip stocks found favour among investors because of their attractive valuations.
Dealers said the mood was upbeat for most of the session.
The KOSPI index ended 51.31 points higher at 2,028.06.
SYDNEY
Australian share prices closed up 1.2 percent supported by oil and mining stocks and firms exposed to strong Asian economies.
The benchmark S&P/ASX 200 gained 76.3 points to 6,700.6.
The Australian dollar broke through US$0.91 on Friday to trade at 23-year highs on speculation that the country's central bank will hike interest rates early next month while the US Federal Reserve is likely to cut rates next week.
SINGAPORE
Share prices closed 1.74 percent higher on gains in banks after strong earnings by banking giant DBS Group eased worries over the impact from the credit crunch.
Dealers said investors snapped up banking shares after DBS reported solid third quarter earnings that allayed concerns about how local banks may have been hit by the US subprime credit turmoil.
The Straits Timex Index rose 64.41 points to 3,771.55.
KUALA LUMPUR
Malaysian share prices closed 1.5 percent higher to hit a fresh record high with investors increasingly convinced there will be an interest rate cut in the US.
The composite index closed up 20.08 points at 1,398.35.
JAKARTA
Indonesian share prices closed 1.1 percent higher as investors cheered strong quarterly earnings at Astra Agro Lestari and Inco.
The composite index closed up 27.77 points at 2,624.43.
MANILA
Philippine share prices closed 0.5 percent higher in cautious trade ahead of next week's three-day holiday.
The composite index ended up 17.10 points at 3,784.88.
WELLINGTON
New Zealand share prices fell 0.95 percent, led down by leading stocks Telecom and Contact Energy, dealers said.
The NZX-50 index fell 40.43 points to close at 4,226.71.
MUMBAI
Indian share prices rose 2.52 percent to a new record close on, as investors brushed off concerns of large fund outflows due to new rules limiting the anonymous buying of shares by foreign investors.
The 30-share SENSEX index rose 472.28 points to 19,243.17.
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