Stocks, oil, dollar as well as TSMC in focus

Semiconductor companies inside region traded lower after Taiwan Semiconductor Manufacturing (TSMC), the largest contract chipmaker inside entire world, said Thursday the item was forecasting second-quarter revenue to come in between $7.8 billion as well as $7.9 billion, below a Wall Street estimate of $8.8 billion.

Morgan Stanley attributed TSMC’s weak guidance to order reductions through Apple iPhone processors. On Friday, TSMC shares tumbled 5.93 percent, dragging Taiwan’s Taiex lower by 1.53 percent.

In Japan, Tokyo Electron as well as Advantest declined 2.52 percent as well as 2.3 percent, respectively. Meanwhile, South Korea’s Samsung Electronic slid 1.36 percent as well as chipmaker SK Hynix tumbled 3.41 percent.

U.S. stocks closed moderately lower on Thursday, with the technology sector coming under pressure following TSMC’s weak guidance. Apple, for which TSMC can be a supplier, fell 2.8 percent amid declines in some other U.S. semiconductor stocks.

Investors also focused on higher U.S. bond yields after the yield on the 10-year U.S. Treasury note rose above 2.9 percent. The two-year yield traded near its highest levels in almost a decade on Thursday.

“There’s somewhat of a short attention span, with markets looking past [trade tensions], with the beige book as well as some of the data coming out just showing the U.S. to be relatively healthy. that will might be impacting the yield curve more so than simmering trade tensions,” Alex Wolf, senior emerging markets economist at Aberdeen Standard Investments, told CNBC’s “Squawk Box.”

On the corporate front, earnings through China Unicom as well as China Mobile are expected on Friday, with Japan’s Tokyo Steel also due to report full-year results.

HSBC’s annual general meeting will also take place later inside day.

In currencies, the dollar firmed as U.S. bond yields rose. The dollar index, which tracks the greenback against a basket of six currencies, stood at 89.955. Against the yen, the dollar strengthened to trade at 107.67 at 9:36 a.m. HK/SIN.

The British pound was on the back foot after Bank of England Governor Mark Carney downplayed the possibility of a May interest rate hike. The currency traded around two-week lows at $1.4073.

Oil prices were steady on Friday. U.S. West Texas Intermediate crude was off by 0.12 percent at $68.21 per barrel, after touching a more than three-year high inside last session. Brent crude futures edged down to trade at $73.69.

Among individual movers, shares of Australia’s AMP edged higher by 0.23 percent. the item said CEO Craig Meller could step down immediately following the company’s testimony at an Australian inquiry. AMP apologized for “misconduct as well as failures in regulator disclosures.”

— CNBC’s Tae Kim contributed to that will report.

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