Stocks stumble as 'dollar juggernaut' on a roll

Passersby are reflected on an electric stock quotation board outside a brokerage in TokyoSINGAPORE - Asia's stockmarkets dipped on Friday, with tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer.

Shares in Taiwan's TSMC, a big Apple supplier, fell 1% at the open. Shares in South Korea's SK Hynix, whose chips some users have found in China's Huawei Technologies' new phone, fell as much as 4.5% to a two-week low."China’s partial ban on Apple products put trade wars and U.S.-China decoupling back on the agenda," said Capital.com analyst Kyle Rodda. "The ban is narrow in scope...however, it illustrated the two-way costs and risks of de-coupling.

That in turn has unleashed the dollar, which is up for an eighth straight week against a basket of currencies, a rally that has carried the U.S. currency index more than 5% higher. The yen has found new 10-month lows and, at 147.13 per dollar is heading towards the vicinity of 150, where traders see high risks of authorities stepping in with support.

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