At the 1015 AEDT official market open, the benchmark index S&P/ASX200 index slipped 0.17% to 5,299.9 points, while the broader All Ordinaries index also declined 0.17% to 5,310.1.
No major economic or equities news is expected on Friday.
In Australia, the market on Thursday rallied as a sharp drop in the local currency helped give the mining giants a boost.
The benchmark S&P/ASX200 index was up 63.7 points, or 1.21%, at 5,309.1.
The broader All Ordinaries index was up 63.9 points, or 1.22%, at 5,319.4.