Shares in Asia fell broadly on the last trading day of the week after the US Federal Reserve left interest rates unchanged at its last meeting.
An economist warned that relations between the US and China could become more frosty after the end of US elections.
"The result is that there will be more noise and volatility in China," said TS Lombard US economist Steve Blitz on a post-election note on Thursday. Many Democrats, including Senator Chuck Schumer, are "China hawks," Blitz said.
Another market observer said that the expected meeting between US President Donald Trump and his Chinese counterpart Xi Jinping during the upcoming G-20 summit is unlikely to yield results.
"I would not be confident that there is anything on the back," said Kerry Craig, a global market strategist with JP Asset Management, on Friday opposite CNBC's "Squawk Box". Nevertheless, he predicted that the meeting between the two leaders would be "very cordial".