China's Shanghai Composite index slipped 0.81 percent to 2,765.81 after Zou Lan, head of China central bank's monetary policy department, said there is room to lower reserve requirement rations but interest rate cuts are limited by constraints. Amid growing calls for policy easing to spur economic growth, a central bank official said the bank has room to cut the reserve requirement ratio, according to media reports. Meanwhile, Asian shares ended mostly lower on Friday as investors awaited key U.S. jobs data later in the day that could influence the pace and magnitude of rate cuts by the Federal Reserve in the remaining months of 2024.
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