Equities in Asia decline despite better-than-expected China PMI data >> Call on 9644405056 for Free Stock Tips

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Asian markets lost ground on Friday despite China manufacturing activity beating expectations as select tech shares around the region sold off.

Japan's Nikkei 225 dropped 1.14 percent to trade below the 20,000 level. The benchmark index traded at 19,990.5 at 9:35 a.m. HK/SIN.

The Kospi slipped 0.41 percent and Australia's S&P/ASX 200 pulled back 1.31 percent.

Markets in Greater China traded lower as President Xi Jinping visited Hong Kong ahead of the twentieth anniversary of the Hong Kong handover. Hong Kong's Hang Seng Index declined 0.97 percent. On the mainland, the Shanghai Composite was off by 0.41 percent and the Shenzhen Composite fell 0.315 percent.

Indonesian markets remained closed today.

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