Most Asian markets closed lower on Friday after the weaker close in the U.S. and as global bond yields rose.
The Nikkei 225 retreated 64.97 points, or 0.3%, to 19,929.09
The Hang Seng Index fell 124.37 points, or 0.5%, to 25,340.85
In Japan, the Bank of Japan stepped up buying of five- to 10-year Japanese government bonds (JGB) under its quantitative easing program. The BOJ has set a target of keeping the 10-year JGB yield at zero.
This week, the 30-year and 40-year JGBs have touched their highest yields since February 2016, while the 10-year touched a five-month high of 0.105%
In South Korea, shares of Samsung Electronics were down 0.4% after the electronics giant said profit for the second quarter was expected to increase 72% on-year.
Meanwhile, Korean Air Lines closed down 2.2% following news that police had conducted a raid at the company's headquarters in Seoul, South Korea.
Shares of commodities trader Singapore-listed Noble Group were down 9.4% after jumping 36% the previous session. It remained unclear what drove the sudden rush into the stock. Shares of the company were down more than 65% year-to-date.
Australian markets plummeted with broad-based losses across all its sub-indexes. Its energy sub-index led the losses and closed down 2.1%
Energy stocks in Australia sold off following the drop in oil prices. Australia's Santos shed 2.6% and Oil Search closed down 2%
CHINA
The CSI 300 slid 4.17 points, or 0.1%, to 3,655.93
Data for China's June foreign exchange reserves released after the market close showed reserves rose for a fifth straight month, but remained lower than forecasts. Reserves rose by $3 billion U.S. to come in at $3.057 trillion in June, compared to the $3.06 trillion forecast.
In other markets
In Taiwan, the Taiex index settled 70.95 points, or 0.7%, to 10,297.25
In Korea, the Kospi index dipped 7.94 points, or 0.3%, to 2,379.87
In Singapore, the Straits Times Index inched up 2.67 points, or 0.1%, to 3,229.01
In New Zealand, the NZX 50 deleted 7.48 points, or 0.1%, to 7,622.13
In Australia, the ASX 200 dropped 55.2 points, or 1%, to 5,703.57
