Asian shares slide after more losses on Wall Street

Asian shares have declined after a late-afternoon sell-off wiped out gains for stocks on Wall Street

BANGKOK -- Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street.

Tokyo fell 0.9% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regional markets also fell. Oil prices slipped, with the U.S. benchmark crude down as much as 2.3%.

The yield on the 10-year Treasury fell to 1.78% from 1.83% late Thursday.

Investors are bracing for higher interest rates and stocks are headed for weekly losses in what has so far been a losing month.