Global stocks extended losses after suffering their steepest drop in nearly a month on concerns over elevated valuations. Bonds advanced and investors sought the safety of haven currencies such as the yen.
US equity-index futures slipped, signaling further losses for the S&P 500 and Nasdaq 100 indexes after the gauges pulled back with tech shares hit the hardest. Sentiment was shaky early in the Asian session after Super Micro Computer Inc. shares slumped in late trading and Advanced Micro Devices Inc. failed to impress investors with its revenue forecast.
