Stock market today: Asian shares fall as strong US data dash hopes for an end to rate hikes

Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been dashed by strong economic data. U.S. futures fell and oil prices were higher. Investors were watching for updates from U.S. Treasury Secretary Janet Yellen’s visit to Beijing, where she was meeting with senior Chinese officials to try to soothe antagonisms over a host of issues and promote global financial stability. Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 dropped 0.8% and the Dow Jones Industrial Average lost 1.1%. The Nasdaq composite fell 0.8%.