Asia-Pacific markets mostly lower as Japan stocks pare gains after hitting fresh all-time highs

The country's household spending for May unexpectedly dipped 1.8% in real terms compared to the same period last year.

South Korea's Kospi was 0.9% higher, and the small-cap Kosdaq rose 0.61%. Heavyweight Samsung Electronics on Friday estimated that its second quarter operating profit will surge almost 15-fold. Asia-Pacific markets mostly fell on Friday, with Japan's key benchmarks giving up earlier gains that had lifted the indexes to new highs.as well as the broad-based Topix pared gains after hitting fresh highs. Nikkei was last trading flat, while Topix was down 0.31%.unexpectedly dipped 1.8% in real terms compared to the same period last year. Economists polled by Reuters had estimated a 0.1% rise.

Average spending per household in May was 290,328 yen , while average monthly income stood at 500,231 yen, up 6.4% in nominal terms and 3% higher in real terms from the previous year.Overnight in the U.S., markets were closed for the Independence Day holiday, but futures were little changed ahead of Friday's trading session.

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