Asian markets finish mixed after volatile trading session on Wall Street, while Japan's stocks rise 2%.

• Overnight on Wall Street, stocks remained unstable as investors responded to updates from the Fed, fresh GDP data, and corporate earnings.
• Despite a surge in omicron cases, the U.S. GDP grew 6.9% in the fourth quarter of 2021, exceeding analyst predictions.
• The Taiwan market is closed for a holiday on Friday.

On Friday, Asia-Pacific markets were mixed, mirroring the volatility of Wall Street the previous night as investors responded to Federal Reserve comments and U.S. GDP data.

In Japan, the Nikkei gained approximately 2.09% to finish at 26,717.34, after falling nearly 3% on Thursday. Meanwhile, the Topix increased by 1.8% to 1,876.89. South Korea's KOSPI also reversed losses, rising 1.87%, and ended the day at 2,663.34.

Australia’s advanced 2.19% to end the session at 6,988.1.

The Shanghai Composite Index slid 0.97% to close at 3,361.44, while the Shenzhen Stock Exchange declined 0.53% to 13,328.06.

Hong Kong’s declined 1.05% in late afternoon trading.

The MSCI Asia-Pacific ex-Japan index increased by 0.19%.

On Friday, Taiwan is closed for a holiday, while Hong Kong will release its GDP report for the fourth quarter in the afternoon.

Tech movers

SoftBank Group shares increased by 2.20% following the announcement of a management transition, during which Chief Operating Officer Marcelo Claure will depart from the company after nine years. Claure, who served as both CEO of SoftBank Group International and Son's right-hand man, assumed control of WeWork after Neumann resigned as founder.

On Thursday, CNBC reported on Claure's departure, according to sources close to the matter.

SoftBank Group International has appointed Michel Combes as its new CEO, tasked with managing the company's operating and investment portfolio.

The stock prices of Apple's suppliers in Asia increased significantly following the company's successful earnings report on Thursday in the US.

While some Hong Kong-listed Chinese tech giants fell, the tech-focused Hang Seng Tech index lost 1.6%.

Overnight on Wall Street, stocks fluctuated due to investors' responses to the Fed's latest news, as well as the release of new GDP figures and corporate earnings.

Despite a surge in omicron cases, the U.S. gross domestic product grew 6.9% in the fourth quarter of 2021, exceeding analyst predictions.

The S&P 500 and Nasdaq both reversed earlier gains and finished lower, while the Dow Jones Industrial Average gained over 600 points during intra-day trade but ended almost unchanged at 34,160.78.

All three indexes are firmly in negative territory so far this month.

On Thursday, the price of gold slid to a two-week low of $1,790.20 as the U.S. dollar strengthened following indications that the Fed may increase interest rates imminently. However, gold has since regained some ground and is currently trading at $1,796 in Asia.

Russia's growing military presence near Ukraine has led to increased tensions between the two countries, with the Kremlin stating that its views were not taken into account in U.S. security proposals.

Despite dropping from their seven-year peaks, oil prices remain high due to concerns about potential disruptions in energy supplies from Russia to Europe.

During Asia trading hours, rose 0.68% to $87.20 per barrel, while increased 0.64% to trade at $89.91 per barrel.

Currencies

The greenback is currently trading at 97.333 against a basket of its peers, up from 97.225 earlier.

The traded at 115.66 per dollar, while the changed hands at $0.7014, down slightly from $0.7031 earlier.

This report was contributed to by CNBC's Saheli Roy Choudhury, Hannah Miao, Tanaya Macheel, Jeff Cox, and Holly Ellyatt.

The article was updated to accurately reflect that mainland Chinese markets closed in the negative.