The markets in Taiwan and China remain closed on Friday for the Lunar New Year holidays.
Wall Street ended lower on Thursday amid renewed concerns about a US-China trade deal after a media report said that the President Donald Trump and Chinese President Xi Jinping are "highly unlikely" to meet before a March 2 deadline. Worries about the global economy also weighed on the markets after the European Commission lowered its eurozone growth forecast.
The Dow slumped 220.77 points to 25,169, the Nasdaq plunged 86.93 points to 7,288.35 and the S&P 500 tumbled 25.56 points to 2,706.05.
Oil stocks are weak after crude oil prices declined more than 2% overnight.