Reserve Bank of India said India's gold reserves stood at $102.54 billion as of June 26, down from $107.93 billion a week earlier.

Taiwan Stock Exchange Weighted Index (TAIEX) closed up 36.46 points, or 0.08%, at 46,780.62 on Friday, July 3.

Japan's finance minister Katayama said the government is prepared to take appropriate measures against yen volatility but would not comment on specific exchange-rate levels. She said Tokyo remains in close contact with US authorities on FX. On rising JGB yields, Katayama said the government will seek to implement fiscal measures to shore up market confidence. Monetary policy is for the Bank of Japan to decide; she expects the BoJ to maintain close communication with the government and take appropriate policy to stabilize progress toward its price target. There are no new details on the BoJ's economic blueprint.