According to the Korea Herald, HKET and RTHK, Asian equities opened mixed on Friday as rising US Treasury yields and higher oil prices pressured sentiment, while chip and internet names offered pockets of support.

Tokyo's Nikkei 225 opened lower, trading at 65,713.86, down 502.93 points or 0.76%, as overnight Wall Street losses and a renewed US bond sell-off weighed on risk appetite. Japan's core consumer price index rose 1.8% year-on-year in July, matching expectations and keeping alive the case for a Bank of Japan rate hike. SK Hynix is reportedly planning a semiconductor fab in Japan.

Seoul's KOSPI opened 1.35% lower before trimming losses to 6,831.53, down 21.05 points or 0.31%, as of 9:15 a.m. Chipmakers bucked the weakness on continued expectations for shareholder returns, with Samsung Electronics up 0.65% and SK hynix rising 1.83% after its recent buyback announcement. LG Energy Solution fell 2.65% and Hyundai Motor lost 1.2%.

Hong Kong stocks opened firmer, with the Hang Seng Index rising 109 points to 25,807 and the Hang Seng Tech Index up 0.2% at 4,710. Alibaba climbed more than 2% after its results, having posted quarterly revenue of nearly 269 billion yuan, up 9% year-on-year, though net profit fell 76% to 10.5 billion yuan. NetEase slipped more than 1%, while Pop Mart dropped 8%.

Taiwan's TAIEX opened slightly lower, down 10.4 points at 44,923.34, with Taiwan Semiconductor Manufacturing Co. (TSMC) trading in a narrow range near the 45,000 level.

In mainland China, the Shanghai Composite opened down 0.32%, the Shenzhen Component eased 0.27%, the ChiNext dipped 0.01% and the STAR Market composite fell 0.52%, as pharmaceutical, CRO and innovative-drug names led declines while gold and digital-currency themes gained.