The move came after state-run media looked to temper fears across trading floors, saying the rout had gone too far and that economic fundamentals remained strong
Hong Kong sank one percent to extended Monday's drop of more than four percent after investors were spooked by Beijing's latest move to tighten its grip on the economy
Oil prices had briefly spiked Tuesday before falling after the latest talks by OPEC+ crude producers fell apart, ending negotiations on a proposal to boost crude supply
All three main indexes in New York finished the week at a fresh peak in reaction to data showing far more people than expected were employed last month
Another record close for the S&P 500 on Wall Street on Friday provided a healthy lead for the region, though with holidays in Hong Kong, China and Australia, business was light.
The three main New York indexes initially fell on the announcement before rebounding, with analysts pointing out that prices rose less than expected on a monthly basis.
The release Thursday of May's consumer price index is now crucial, with warnings that a big miss to the upside of the 4.7 percent forecast would ramp up expectations of policy tightening.