Stocks in Asia were mixed on Friday, one day after shares on Wall Street jumped to new record highs overnight.

Mainland Chinese stocks shed earlier gains to end lower on the day. The Shanghai composite fell fractionally lower to about 3,005.04, while the Shenzhen component declined 0.68% to 10,233.77. The Shenzhen composite declined 0.675% to around 1,697.91.

Hong Kong's Hang Seng index gained 1.18%, as of its final hour of trading, with shares of Chinese tech heavyweight Tencent surging around 1.9%.

In South Korea, the Kospi rose 0.29% to close at 2,204.21 as shares of industry heavyweight Samsung Electronics surged 1.99%.

Japan's Nikkei 225 closed 0.36% lower at 23,837.72 as shares of index heavyweight Fast Retailing fell 2.01%. The Topix index added 0.11% to finish its trading day at 1,733.18.

Japanese retail sales data for November released on Friday came in worse than expected. Retail sales declined 2.1% in November as compared with a year earlier, government data showed. That was below a median market forecast for a 1.7% decline, according to Reuters. The data follows a sales tax hike that went into effect in October.

Meanwhile, shares in Australia rose after the Christmas and Boxing Day holidays — the S&P/ASX 200 closing 0.4% higher at 6,821.70.

Overall, the MSCI Asia ex-Japan was 0.69% higher.