Nikkei extends losses, down over 4%, as selling of tech issues continues

The Nikkei stock index extended losses Monday morning, briefly falling over 4 percent, as investors sought to lock in gains from recent sharp rises in heavyweight technology shares.The 225-issue Nikkei Stock Average fell 2,547.72 points, or 3.83 percent, from Friday to 64,040.40. The broader Topix index was down 104.98 points, or 2.66 percent, at 3,844.11.The U.S. dollar stayed firm in the lower 160 yen range in Tokyo, supported by speculation of a rate hike by the Federal Reserve, while wariness over potential currency intervention by the Japanese authorities kept its upside limited.At noo…READ FULL ARTICLE