The DOW Jones and S&P 500 were trading flat in Friday's trading session. The DOW Jones closed at 17,634.74, a loss of -0.10%, the S&P500 closed little changed with a plus of +0.02% at 2,039.82 points ending a fourth week of gains. The preliminary University of Michigan's consumer sentiment index published on Friday rose to 89.4 beating forecasts predicting 87.5 and data showing that U.S. inflation expectations fell.

Hong Kong's Hang Seng lost -0.98%, China's Shanghai Composite lost -0.15% closing at 2,475.112 points quickly erasing their gains after profit taking.

Japan's Nikkei closed with a loss of -2.96% at 16,973.80. Preliminary GDP for the third quarter declined -1.5% compared with a forecast of +2.1% after losing -7.3% in the previous quarter reinforcing speculations that Prime Minister Abe will postpone a sales tax hike and hold snap elections in December as Japans economy entered recession unexpectedly.