Asia shares to fall on Wall St dive

Jakarta, Financeroll.com (07/11) -- Asian shares are set to slide sharply on Friday amid fears of a deepening economic downturn in the United States. Wall Street fell by up to 5 percent as major U.S. retailers reported larger-than-expected falls in sales, and some large corporates produced bleak outlooks. The euro and sterling both fell after cuts by respective central banks, while the yen was lifted by increasing risk aversion.

Written by Lukman Hakim