Asian Equities Expected Lower

Asian stock markets will likely see red at the open on Friday, on the back of declines in offshore markets and a continued slump in commodities.

Spot gold slipped another 0.5 percent to $1,087.56 an ounce on Thursday, as a steeper-than-forecast drop in U.S. jobless claims rejuvenated the dollar.

A stronger dollar also took the price of oil down to its lowest since March 31. U.S. crude for September futures settled down 74 cents at $48.45 a barrel, hitting a nearly four-month low. Brent crude was down 90 cents at $55.25 a barrel.