Asian shares declined on Friday due to the strength of the U.S. dollar, which has made market sentiment fragile.

Investors are reacting to the changing economic landscape, with longer-dated Treasury yields set for their biggest weekly increase this year. The market's focus is shifting as expectations for significant U.S. interest rate cuts in 2025 start to fade. This change in outlook is causing volatility in equity markets across the region as traders reassess their positions in response to the evolving monetary policy environment.