Updated from 12:34 a.m. EDT

Asian stocks closed mixed Friday, with the market in Japan higher a day after Wall Street rebounded with significant gains.

Japan's Nikkei 225 stock average closed 2.8% higher to 8693.82. The index closed Thursday down 11.4%, its largest one-day percentage decline since the crash of 1987. Strong earnings from search engine Google ( GOOG) also buoyed the market.

Hong Kong's Hang Seng index fell 4.4%, while the S&P/ASX 200 index in Australia closed down 1.1%. Stocks in South Korea fell as Korean policy makers held an emergency summit Friday, seeking steps to revive confidence in the economy after the won dropped by the most since the 1997 Asian crisis, Bloomberg reports.

Stocks in Europe were higher. The FTSE 100 index rose 3.3%, while the DAX in Frankfurt rose 1.6%.

U.S. stock futures were indicating a lower open for stocks on Wall Street. Futures on the S&P 500 fell 13.80 points to 927.20, and were trading 20.95 points below fair value. Nasdaq futures were down 26 points to 1297, and were 23.13 points below fair value.

U.S. stocks finished a wobbly Thursday to the upside. The day was marked by a flood of corporate earnings statements, evidence of additional turmoil in the financial sector and a fresh serving of economic data.

The Dow Jones Industrial Average, which swung some 815 points during the session, ended the day up 401.35 points, or 4.7%, at 8979.26. The S&P 500 finished up 38.59 points, or 4.3%, at 946.43, and the Nasdaq climbed 89.38 points, or 5.5%, to 1717.71.

Oil rose $1.65 to $71.50 a barrel in electronic trading on the New York Mercantile Exchange.