FTSE China A50 index futures opened down more than 2%.

Foreign media report markets expect a de-escalation of conflict with Iran after Trump’s party suffered midterm losses, pushing Brent futures toward a roughly 12% weekly decline and WTI toward about 12.1%. Conflict-driven Middle East supply concerns, however, continue to underpin prices. On Friday both U.S. crude and Brent futures rose; ANZ said traders viewed Wednesday’s sell-off as overdone, prompting a rebound.

Turkey's president Erdogan said he hopes to speak with Russia's president Putin after meeting Ukraine's president Zelenskiy to discuss ways to end the Russia-Ukraine war.