Nasdaq's decline widened to 1%; SpaceX (SPCX.O) gain narrowed to 5%.

China's Defense Ministry spokesman Chen Xi said the Philippines' defense minister Teodoro and his relatives have been sanctioned by China, a measure Beijing says is justified to safeguard its sovereignty, security and development interests. Chen warned that allowing a small group of anti-China figures to act unchecked would directly harm the Philippines' national economy and people's livelihoods and damage bilateral military ties, and urged them to cease their posturing.

S&P says Bank of Japan rate hikes create opportunities for yen money market funds.