Asian markets mostly fell Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping due later in the day.

Adding to selling pressure were expectations that Japan's central bank would hike interest rates later this year, despite holding them at its latest meeting.

While the Federal Reserve and boss Jerome Powell were not as forthright as hoped on future rate reductions, the mood on trading floors remained upbeat.

The US central bank lowered borrowing costs Wednesday for the first time since December after a series of reports pointed to a slowdown in the country's labour market, which offset stubbornly high inflation.

A closely watched gauge of future moves indicated two more this year but P

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