Asian stocks extended losses, tracking declines on Wall Street as investors rotated out of technology giants following a blistering rally earlier this year and sought safety in Treasuries and currencies such as the yen.
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
