MSCI’s Asia Pacific equity gauge fell 1.1%, with decliners outnumbering advancers almost four to one, as higher oil prices damp the outlook for economic growth. Futures contracts for the S&P 500 Index and the tech-heavy Nasdaq 100 both dropped 0.6%, after the underlying gauges closed at a record high on Wednesday on robust corporate earnings and the extension of the US-Iran ceasefire.