TOKYO: Japanese stocks were on track for their worst decline in almost four months, extending losses from late last week as hawkish comments from the US Federal Reserve crushed the reflation trade that had driven the market earlier this year.
Uniqlo operator Fast Retailing Co and chip-equipment maker Tokyo Electron Ltd were the largest contributors to a loss in the Nikkei 225 Stock Average, which tumbled more than 3% in its fourth day of declines.
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