Asia-Pacific markets mostly flat

Asia-Pacific markets were mostly flat on Friday against an also muted Wall Street looking to revive its recent market rally, reports CNBC.

It was largely negative territory for mainland China markets. The Shanghai Composite fell 0.59 per cent to 3,258.08 while the Shenzhen Component dipped 1.27 per cent to 12,358.54.

The Hang Seng index closed flat. There was positive action from Tencent, up 0.77 per cent but food delivery giant, Meituan was down more than 0.7 per cent. This week, Tencent denied offloading its stake in Meituan.

After Tencent's second quarter revenue slide earlier this week, fellow tech giant NetEase offered the markets a sweetener posting a nearly 13 per cent year-on-year increase in its second quarter net revenue, beating expectations. But its share price finished more than 6 per cent lower.

Japan's Nikkei 225 also finished flat at 28,930.33 while the Topix index added 0.2 per cent to 1994.52. The Kospi was down at 0.61 per cent at close.

Japan's July headline inflation has risen to 2.6 per cent from 2.4 per cent in June. That was above expectations of 2.2 per cent and higher than the Bank of Japan's goal of 2.0 per cent.

The S&P/ASX 200 in Australia ended flat at 7,114.50.