Australia's ASX 200 fell 58 points, or 0.7%, to close at 8,783 on Friday, pressured by sharp losses in U.S. stock futures after chip stocks tumbled on Wall Street Thursday following their blistering rally earlier this year.
Escalating Middle East tensions and weaker shipping flows through the Strait of Hormuz added to the cautious tone.
The local benchmark reversed from a muted prior session, ending the week down 0.3% and marking a second straight weekly decline.
Traders cautiously braced for Australia's labor data next week after May logged the strongest jobs growth in five months, even as unemployment stayed near a four-year top.
Tech, non-energy minerals, manufacturing, and consumer non-durables led falls.
Miners dropped 2.9%, with BHP and Rio Tinto sliding 2.9% and 2.5%, while gold names Evolution Mining (-4.2%) and Northern Star (-4.0%) also weighed.
The big four banks eased between 0.2% and 1.1%.
Energy stocks bucked the trend, lifted by Woodside Energy (2.9%) and Santos (1.7%).