Asian stocks fell alongside US equity-index futures following a weak forecast from Broadcom Inc. and after renewed US-Iran clashes weighed on sentiment.
Stocks in Japan and South Korea slipped, sending the MSCI Asia Pacific Index 1% lower after a four-day rally that carried it to a record. Contracts for the Nasdaq 100 Index slipped 0.6% as chipmaker Broadcom’s outlook failed to impress investors. The company’s shares fell 14% in extended trading.
