This is CNBC's live blog covering Asia-Pacific markets.
Asia-Pacific markets were mixed Friday, breaking ranks with Wall Street after U.S. Federal Reserve Jerome Powell said the central bank does not need to be "in a hurry to lower rates."
Speaking in Dallas, Powell pointed out that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast they should lower interest rates.
In Asia, investors will assess key economic data from China on Friday, which will announce October figures for retail sales, industrial output and the urban unemployment.
Japan on Friday reported its third-quarter GDP expanded 0.3% year-on-year, snapping two straight quarters of year-on-year declines. On a quarter-on-quarter basis, GDP rose 0.2%, in line with Reuters poll estimates.
Japan's Nikkei 225 was up 0.93% after the GDP announcement, while the broad based Topix was 0.87% higher. The yen weakened 0.14% against the U.S. dollar to 156.47.
-- CNBC's Brian Evans and Sarah Min contributed to this report.
Citi says a South Korean firm will be a significant beneficiary of Nvidia's next generation of AI chips and expects its stock to rise by more than 40% in the next 12 months.
The Wall Street bank added that the company's AI-related revenue could rise by 90% next year.
CNBC Pro subscribers can read more about the stock here.
-- Ganesh Rao
The U.S. ETF industry set its year-to-date inflow record this week, helped by "postelection exuberance," according to Matt Bartolini, head of Americas ETF research at State Street Global Advisors.
"Heading into the election, ETF flows were already on pace to break records. What happened was the market environment turned and went significantly exuberant. ... All of a sudden, there was a rush of assets into ETFs from a wide range of investors," Bartolini said.
Outside flows into broad index funds, Bartolini also pointed to the SPDR S&P Regional Banking ETF (KRE) as a fund that has benefited from the market response to the election. The fund has more than $1.1 billion of net inflows over the past week, according to FactSet.
Bartolini also said that he has Dec. 9 circled as the date for inflows for the U.S. ETF industry to hit $1 trillion this year.
-- Jesse Pound
Key stocks that are viewed as pillars of the so-called Trump trade pulled back further on Thursday.
Shares of the Trump Media & Technology Group slipped nearly 8%. Stock in the incoming president's social media company have shed nearly 16% this week.
Stock in Tesla, which saw shares soar in the wake of Donald Trump's election victory last week, moved lower by 4%.
One key component of the Trump trade bucked the trend. The dollar index advanced 0.08% and reached its highest level in over a year earlier on Thursday.
The greenback also strengthened 0.2% against the yen at 156.25, the strongest level since July 23.
Since President-elect Donald Trump won the election, the dollar has appreciated 2.8% and 2.1% against the yen and the Chinese yuan. The euro and the pound sterling have both weakened 3.6% and 2.8% against the greenback, respectively.