Asian shares were mixed on Friday after U.S. stocks closed mixed in the last session.Investors digested the release of House Republicans' tax-reform plan and President Trump's nomination of Jerome Powell, Federal Reserve Governor, to be the next head of the central bank.Markets on the move South Korea's Kospi (Korea Stock Exchange: .KS11) edged down 0.07 percent even though automakers notched gains: Hyundai Motor rose 1.25 percent and Kia Motors was up 1 percent. Tech stocks were mixed as several blue-chip names edged down on profit-taking, with Samsung Electronics falling 1.54 percent after announcing a record profit earlier this week. Apple suppliers in Asia were in focus after the iPhone maker posted an earnings beat on Thursday. Apple, which launches iPhone X sales on Friday, also said its iPhone 8 and iPhone 8 Plus models had "instantly" become top-selling products. South Korea's LG Display were flat and LG Innotek edged up 0.29 percent. Taiwanese camera lens supplier Largan Precision was up 1.82 percent and Hon Hai Precision Industry gained 0.44 percent. Down Under, the S&P/ASX 200 (ASX: .AXJO) rose 0.58 percent, with gold miners popping in early trade. Kingsgate soared 5.68 percent and Newcrest Mining rose 2.85 percent. Greater China markets were mixed. Hong Kong's Hang Seng Index (Hong Kong Stock Exchange: .HSI) was up 0.3 percent, but mainland markets recorded moderate losses. The Shanghai Composite (Shanghai Stock Exchange: .SSEC) slid 0.39 percent and the Shenzhen Composite hovered around the flat line. The Caixin services PMI for October released Friday came in at 51.2. The official metric for non-manufacturing activity had come in at 54.3. Asian corporates on the earnings calendar include Sands China.Markets in Japan are closed for Culture Day. U.S. stocks closed mostly higher on Thursday as investors parsed through tax reform details. The Dow Jones industrial average rose 0.35 percent, or 81.25 points, to close at 23,516.26. The lead up Trump announced Powell would become the chairman of the Federal Reserve when current Chair Janet Yellen steps down at the end of her term next year. The move had been mostly expected by investors. Powell is seen by markets as a "continuity candidate" whose thinking is "very much allied to the status quo data-driven style at the Fed," David de Garis, director of economics at National Australia Bank, said in a note. Also on Thursday, House Republicans released details of a highly-anticipated tax-reform plan although market moves were subdued. The corporate tax rate would be reduced to 20 percent from 35 percent under the plan, which also aims to lower the number of income tax brackets. "Currency and stock markets have adopted a largely wait and see response both to news that Jerome Powell will be nominated as Fed Chair and to the release of US tax reform proposals," Ric Spooner, chief market analyst at CMC Markets, said in a note. Ahead, investors awaited the release of nonfarm payrolls data during U.S. hours. Private-sector jobs created in October had come in at 235,000, topping expectations. Elsewhere, the Bank of England raised interest rates by 25 basis points on Thursday — its first time hiking rates in more than a decade. While policymakers voted seven to two to increase the benchmark rate to 0.5 percent, the move was seen as relatively dovish by markets. In response, the British pound (Exchange: GBP=) was steady at $1.3059 at 10:01 a.m. HK/SIN after falling as low as $1.3045 in the session. That compared to levels around the $1.32 handle in the rest of the week. Corporate news China Huishan Dairy Holdings, which saw its stock fall 90 percent in March, has reached a deal with more than half of its Chinese creditors on a debt restructuring plan representing above two-thirds of the outstanding amount it owes, the company said in a filing to the Hong Kong Exchange. Alibaba Group Holding (NYSE: BABA) announced revenues rose 61 percent to 55.1 billion yuan ($8.3 billion) in the quarter ending on Sept. 30 compared to one year ago. The e-commerce giant also raised its guidance for revenues in fiscal year 2018, stating that it expected revenues would grow between 49 percent and 53 percent, compared to an earlier estimated range of 45 percent to 49 percent. Watching the dollar The dollar index (New York Board of Trade (Futures): =USD) , which tracks the U.S. currency against a basket of six rivals, was little changed following the developments stateside. The index traded at 94.673 at 9:48 a.m. HK/SIN. The greenback (Exchange: JPY=) edged down against the Japanese yen to trade at 113.92. Meanwhile, the Australian dollar (Exchange: AUD=) fell after retail sales for September were unchanged compared to one month ago. That was below the 0.4 percent increase estimated in a Reuters poll. The currency traded at $0.7689 at 9:48 a.m. HK/SIN. The commodities tradeBrent crude futures rose 0.36 percent to trade at $60.84 a barrel and U.S. crude climbed 0.5 percent to $54.81. Asian shares were mixed on Friday after U.S. stocks closed mixed in the last session. Investors digested the release of House Republicans' tax-reform plan and President Trump's nomination of Jerome Powell, Federal Reserve Governor, to be the next head of the central bank. Markets on the move South Korea's Kospi (Korea Stock Exchange: .KS11) edged down 0.07 percent even though automakers notched gains: Hyundai Motor rose 1.25 percent and Kia Motors was up 1 percent. Tech stocks were mixed as several blue-chip names edged down on profit-taking, with Samsung Electronics falling 1.54 percent after announcing a record profit earlier this week. Apple suppliers in Asia were in focus after the iPhone maker posted an earnings beat on Thursday. Apple, which launches iPhone X sales on Friday, also said its iPhone 8 and iPhone 8 Plus models had "instantly" become top-selling products. South Korea's LG Display were flat and LG Innotek edged up 0.29 percent. Taiwanese camera lens supplier Largan Precision was up 1.82 percent and Hon Hai Precision Industry gained 0.44 percent. Down Under, the S&P/ASX 200 (ASX: .AXJO) rose 0.58 percent, with gold miners popping in early trade. Kingsgate soared 5.68 percent and Newcrest Mining rose 2.85 percent. Greater China markets were mixed. Hong Kong's Hang Seng Index (Hong Kong Stock Exchange: .HSI) was up 0.3 percent, but mainland markets recorded moderate losses. The Shanghai Composite (Shanghai Stock Exchange: .SSEC) slid 0.39 percent and the Shenzhen Composite hovered around the flat line. The Caixin services PMI for October released Friday came in at 51.2. The official metric for non-manufacturing activity had come in at 54.3. Asian corporates on the earnings calendar include Sands China. Markets in Japan are closed for Culture Day. U.S. stocks closed mostly higher on Thursday as investors parsed through tax reform details. The Dow Jones industrial average rose 0.35 percent, or 81.25 points, to close at 23,516.26. The lead up Trump announced Powell would become the chairman of the Federal Reserve when current Chair Janet Yellen steps down at the end of her term next year. The move had been mostly expected by investors. Powell is seen by markets as a "continuity candidate" whose thinking is "very much allied to the status quo data-driven style at the Fed," David de Garis, director of economics at National Australia Bank, said in a note. Also on Thursday, House Republicans released details of a highly-anticipated tax-reform plan although market moves were subdued. The corporate tax rate would be reduced to 20 percent from 35 percent under the plan, which also aims to lower the number of income tax brackets. "Currency and stock markets have adopted a largely wait and see response both to news that Jerome Powell will be nominated as Fed Chair and to the release of US tax reform proposals," Ric Spooner, chief market analyst at CMC Markets, said in a note. Ahead, investors awaited the release of nonfarm payrolls data during U.S. hours. Private-sector jobs created in October had come in at 235,000, topping expectations. Elsewhere, the Bank of England raised interest rates by 25 basis points on Thursday — its first time hiking rates in more than a decade. While policymakers voted seven to two to increase the benchmark rate to 0.5 percent, the move was seen as relatively dovish by markets. In response, the British pound (Exchange: GBP=) was steady at $1.3059 at 10:01 a.m. HK/SIN after falling as low as $1.3045 in the session. That compared to levels around the $1.32 handle in the rest of the week. Corporate news China Huishan Dairy Holdings, which saw its stock fall 90 percent in March, has reached a deal with more than half of its Chinese creditors on a debt restructuring plan representing above two-thirds of the outstanding amount it owes, the company said in a filing to the Hong Kong Exchange. Alibaba Group Holding (NYSE: BABA) announced revenues rose 61 percent to 55.1 billion yuan ($8.3 billion) in the quarter ending on Sept. 30 compared to one year ago. The e-commerce giant also raised its guidance for revenues in fiscal year 2018, stating that it expected revenues would grow between 49 percent and 53 percent, compared to an earlier estimated range of 45 percent to 49 percent. Watching the dollar The dollar index (New York Board of Trade (Futures): =USD) , which tracks the U.S. currency against a basket of six rivals, was little changed following the developments stateside. The index traded at 94.673 at 9:48 a.m. HK/SIN. The greenback (Exchange: JPY=) edged down against the Japanese yen to trade at 113.92. Meanwhile, the Australian dollar (Exchange: AUD=) fell after retail sales for September were unchanged compared to one month ago. That was below the 0.4 percent increase estimated in a Reuters poll. The currency traded at $0.7689 at 9:48 a.m. HK/SIN. The commodities trade Brent crude futures rose 0.36 percent to trade at $60.84 a barrel and U.S. crude climbed 0.5 percent to $54.81.

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