Asian stocks extend losses after Nasdaq slump driven by tech shares
Asian stocks extended losses after Wall Street's decline, with MSCI's regional index falling 0.3% in its second straight day of losses. The Nasdaq 100 plunged 2.9% and the Philadelphia Semiconductor Index 6.7%. Doubts about the profitability of artificial intelligence investment weighed on tech companies, while Treasuries posted their biggest rally in more than two years and the yen strengthened to 156.60 per dollar.
In 35 seconds
- MSCI's regional index fell 0.3%, its second consecutive day of declines; Nasdaq 100 futures were down another 0.3%.
- The Nasdaq 100 plunged 2.9% and the Philadelphia Semiconductor Index 6.7%, their biggest drops since late June.
- Investors sought refuge in Treasuries, with the 10-year yield down 17 basis points to 4.95%, and in the yen.
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.




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