Tokyo fell 1.41%, or 201.62 points, to finish at 14,096.59 owing to a stronger yen and Sydney eased 0.58%, or 31.8 points, to close at 5,479.0 but Seoul edged up 0.16%, or 3.24 points, to 2,013.44.Shanghai reversed morning losses to end flat, edging up 1.53 points to 2,026.50. Hong Kong ended flat, dipping 17.95 points to 22,712.91, capping off a six-day winning streak.A recent pick-up in equities took a knock after a string of weak first-quarter figures from Europe fuelled concerns about the strength of the region's recovery.Gross domestic product (GDP) across the 18-nation eurozone expanded just 0.2% in January-March, data agency Eurostat said, half the 0.4% that had been forecast.Italy, the third-biggest economy in the bloc, shrank 0.1% in that period, while Portugal, which is about to emerge from a bailout, contracted 0.7%.Separately, Eurostat confirmed eurozone inflation rose to 0.7% in April, up from the 0.5% reported in March but still well off the European Central Bank's 2% target.There was a bright spot, however, with Germany seeing growth double to 0.8%, beating market forecasts.The data add to expectations that the European Central Bank will ease monetary policy conditions to kick-start growth in the region and soothe fears of deflation.Indian shares jumped more than 6% at one point, hitting a record high above 25,000 points, before easing back a touch as opposition leader Modi prepared to become the country's next prime minister.His Hindu nationalist Bharatiya Janata Party (BJP) declared "the start of a new era" in the world's biggest democracy as preliminary results and media projections put them on track for the first parliamentary majority by a single party in 30 years.The clear win give Mr Modi a free hand to push through reforms to boost the economy but some warn he may not be able to turn around years of frustration about low economic growth, rising food prices and corruption.Banks were leading the gainers, with Canara Bank surging 21.57% and Andhra Bank jumping 16.17%, while the rupee rallied 1.14% to 58.52 against the dollar.The currency has been strengthening in recent weeks on expectations that Mr Modi would win the marathon six-week election and introduce structural reforms to turn the economy around. It has now risen 17.45% since it sank to a record low of 68.85 in August.India's share market has risen 5% in the past week on hopes Mr Modi will kickstart investment and growth in the economy, which is growing at a decade low.In the United States shares fell in response to weak corporate and economic figures. Retail giant Walmart spooked investors by saying earnings were down 5% in the first quarter compared with last year.Also on Thursday the Federal Reserve said industrial production fell 0.6% in April after two days of gains.The Dow sank 1.01% and the S&P 500 slipped 0.94% just two days after each index had hit a record high. The tech-rich Nasdaq eased 0.76%.The negative sentiment sent investors seeking out safer assets, sending the yen higher.The dollar bought 101.55 yen in the afternoon compared with 101.57 yen late in New York and well off the 101.83 yen in Tokyo earlier Thursday. The euro fetched 139.28 yen, against 139.26 yen in New York but much lower than the 139.65 yen in Japan earlier Thursday.The euro was at $1.3715 against $1.3711.Oil prices rose. New York's main contract, West Texas Intermediate for June delivery, was up 10 cents at $101.89 60 a barrel in afternoon trade, while Brent North Sea crude for July was flat at to $109.10.Gold fetched $1,293.51 an ounce at 11 GMT compared with $1,305.46 late Thursday.In other markets, Mumbai rose 0.90%, or 216.14 points, to end at 24,121.74 points. Indiabulls Real Estate surged 18.84% to 78.20 rupees while Sobha Developers gained 11.97% to 426.95 rupees.Singapore closed down 0.30%, or 9.90 points, at 3,262.59. DBS Bank declined 0.06% to S$16.85 while oil rig maker Keppel Corp eased 0.75% to Sg$10.57.Kuala Lumpur hit a new record high after adding 0.19%, or 3.51 points, to finish at 1,883.34. Kuala Lumpur Kepong ended 1.3% higher at 25.02 ringgit while Faber Group was up 6% to 3.16. Carlsberg fell 2.1% to 12.28 ringgit.Jakarta ended up 0.80%, or 39.94 points, at 5,031.57. State-owned lender Bank Tabungan Negara gained 3.62% to 1,145 rupiah, while miner Aneka Tambang fell 3.17% to 1,220 rupiah.Taipei was flat, edging up 7.80 points to 8,888.45. Smartphone maker HTC rose 0.31% to T$163.0 while Hon Hai was 0.23% higher at T$88.8.Wellington was down 0.17%, or 8.77 points, at 5,186.19. Fletcher Building was down 0.87% at NZ$9.13 while Telcom added 0.74% to NZ$2.73.
Manila dipped 0.46%, or 31.62 points, to 6,817.71.