Over in Australia, the S&P/ASX 200 was little changed in early trade, with the index last higher by just 0.01 percent.
U.S. stock index futures tumbled following the latest trade-related development, with Dow Jones industrial average futures falling more than 300 points. S&P 500 and Nasdaq futures also came under pressure early during Asia hours.
Earlier, U.S. and European markets had advanced in the last session as trade fears among investors eased in the last session. The Dow rose nearly 1 percent and the pan-European Stoxx 600 surged 2.4 percent on Thursday.
Markets in mainland China, Taiwan and Thailand will be closed on Friday.
Investor concerns over recent U.S.-China trade rhetoric have been in focus in the past month. Markets had initially been on edge over trade tensions potentially triggering a trade war between the two largest economies in the world.
China on Wednesday unveiled plans for additional tariffs on 106 U.S. products. That came after the Trump administration released of its list of Chinese imports that could be targeted with proposed tariffs.
The safe-haven yen firmed following the latest trade comments from Trump. Against the yen, the dollar traded at 107.01 by 7:52 a.m. HK/SIN, off levels around the 107.3 handle before the statement.
The dollar had touched its highest levels against the yen in three weeks in the overnight session amid improved investor confidence on Thursday.
“Markets are digesting the fact that most of the tough trade tariff talk is unlikely to result in action that will upset global growth or even come to fruition,” Richard Grace, chief currency strategist and head of international economics at Commonwealth Bank of Australia, said in a morning note.
The dollar index, which tracks the U.S. currency against six peers, traded at 90.369.
In corporate news, Samsung Electronics said its first-quarter operating profit was expected to climb 57.6 percent compared to one year ago, Reuters said. The forecast profit of 15.6 trillion won ($14.7 billion) was above a Thomson Reuters estimate of 14.5 trillion won.
Samsung stock was last down 1.48 percent.
In economic news, the Reserve Bank of India held policy rates steady and reduced its inflation projection for the six months ending September.
Ahead, investors awaited the release of U.S. March nonfarm payrolls due during U.S. hours. Economists estimated around 193,000 jobs were likely added last month, according to a Reuters poll.