Most Asian equity benchmarks lost ground on Friday as oil prices fell and the dollar rose against the euro, yen and the renminbi .

The euro was recently down 0.23% at $1.0904 after ECB President Mario Draghi said a gradual reduction in its bond-buying program hadn't been on the agenda at yesterday's meeting and also made comments at a post-meeting press conference suggesting further monetary easing remains in the cards by year-end.

The renminbi earlier weakened more than 0.2% to trade at Rmb6.75 against the dollar before recovering. The dollar was trading up 0.11% against the Japanese yen at ¥103.8400 towards the end of the Asian trading day.

Oil prices fell, with Brent crude recently down 0.35% at $51.20 per barrel. Dow Jones, S&P 500 and Nasdaq futures were recently down 0.22%, 0.26% and 0.10%, respectively.

Hong Kong markets were closed because of Typhoon Haima.

The Nikkei 225 fell 0.43% to 17,161.25 and the Topix was down 0.49% at 1,364.10.

Nintendo (NTDOY) was down 6.6% as investors gave a thumbs-down to its new Switch games console. The company unveiled the product, with which it hopes to take on Sony (SNE) - Get Report and Microsoft (MSFT) - Get Report on Thursday.

Air-bag maker Takata (TKTDY) was up 2.8%. U.S. authorities on Thursday confirmed that a 50-year-old woman had died in a Honda Civic when an airbag inflated with too much force after a collision. Her death marks the 11th in the U.S. because of faults in Takata products.

Mitsubishi Motors rose 5.2% after the company secured a $2.8 billion investment from Nissan, which is putting co-CEO Carlos Ghosn into the chairman's role at its new affiliate.

Japan Tobacco was down 1.2%. Just as the Japanese market closed, British American Tobacco said it wanted to buy out the outstanding 57.8% in Reynolds American (RAI) in a takeover that would cost it $47 billion in cash and stock.

On mainland China the CSI 300 composite index was recently up 0.14% at 3,323.25.

The S&P/ASX 200 closed down 0.22% in Sydney at 5,430.32.