Asia stocks mostly down, euro sinks as Greece delays payment

Asian markets mostly sank on Friday, following Wall Street shares lower as the IMF cut its US growth outlook, while traders nervously watch events in Europe after Greece tied up a deal to delay its latest debt repayments. While the delay gives Athens until the end of the month to reach an agreement with its creditors as it looks to reform its bailout terms, the euro retreated against the dollar and yen on concerns that stumbling blocks remain. Wall Street retreated after the International Moneta