Asian shares retreated Friday in thin holiday trading, with markets in Greater China closed for holidays. This was reported by Qazaqyia.kz citing Associated Press.

U.S. futures declined as optimism over the U.S.-Iran deal to end their war was dimmed by the postponement of high-stakes talks on reopening negotiations over Iran's nuclear program and getting oil moving through the Strait of Hormuz.

U.S. markets will be closed Friday for Juneteenth.

Investor sentiment has also been hit by expectations that central banks including the Federal Reserve will raise interest rates to try to curb inflation.

Tokyo's Nikkei 225 wavered between gains and losses and was little changed at 71,082.81. The government reported that consumer prices excluding volatile fresh foods was unchanged, but analysts said it would likely pick up in coming months despite higher fuel costs.

Higher inflation was a factor driving the Bank of Japan to raise its benchmark interest rate earlier this week to a three-decade high of 1% as it gradually adjusts its policies after years of near-zero or negative rates.

In South Korea, the Kospi lost 0.5% to 9,019.22 and the S&P/ASX 200 in Australia declined 1.1% to 8,818.40.