Asian Shares Retreat After Wall Street Sell-Off
Asian stocks declined on Friday after Wall Street's main indexes fell sharply overnight on fears of more interest rate hike by the Federal Reserve. U.S. private-sector payrolls expanded by 497000 in June, according to the payroll-services firm ADP, coming in well ahead of the downwardly revised 267,000 gain in May and the 220,000 consensus estimate.