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On Friday, major indexes of Asia markets seesawed between positive and negative territory as US futures ended pointing towards the negative territory. The Nasdaq composite and S&P 500 also pointed towards losses along with the Dow Jones Industrial Average that suggested a plunge of 336.55 points.

However, U.S. stocks recovered from steep losses in the earlier session. The S&P 500 gained 1.9 percent and closed at 2,705.57, whereas the Dow Jones Industrial Average climbed 401.13 points up and reached 24,984.55. Both S&P 500 and Dow futures ended in the positive territory yesterday.

The Nasdaq Composite also closed at 7,318.34 after advancing by 2.95 percent. Apart from recovering in the previous session, futures pointed towards a decline at the opening session on Friday.

Over in China, major stocks were in negative territory erasing their previous gains. The Shenzhen composite fell 0.296 percent while the Shanghai composite declined 0.58 percent. On the other hand, the Hang Seng of Hong Kong also slipped 1.41 percent.

The Nikkei 225 of Japan traded 0.93 percent down after giving up on its earlier gains, whereas the Topix index dropped by 0.69 percent.

In South Korea, the Kospi declined 2.3 percent and the Kosdaq index traded down by 3.4 percent. The major shares of chipmakers such as Samsung and SK Hynix fell 0.73 and 0.93 percent, respectively.

The ASX 200 of Australia declined 0.51 percent along with the financial subindex, which was down by 0.27 percent. The shares of big four banks showed mixed results as Westpac and ANZ were down by 0.54 percent and 0.16 percent, respectively, whereas Commonwealth Bank and the National Australia Bank both advanced by 0.12 percent and 0.1 percent, respectively.

The U.S. dollar index was at 96.659 after climbing from its previous low of 96.578. On the other hand, the Japanese yen was at 112.6 against the dollar.