Stocks Sink With U.S. Futures; Crude Oil Higher

Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of U.S. economic damage caused by the coronavirus pandemic.


  • Futures on the S&P 500 fell 0.5% as of 1:08 p.m. in Tokyo. The S&P 500 closed little changed on Thursday.
  • Hong Kong’s Hang Seng retreated 0.3%.
  • The Shanghai Composite lost 0.6%.
  • Japan’s Topix index fell 0.3%.
  • South Korea’s Kospi declined 0.7%.
  • Australia’s S&P/ASX 200 Index added 0.6%.
  • Euro Stoxx 50 futures slid 2.3%.


  • The yen was at 107.66 per dollar, little changed.
  • The offshore yuan traded at 7.0932 per dollar.
  • The euro bought $1.0773.


  • The yield on 10-year Treasuries dipped one basis points to 0.59%.
  • Australia’s 10-year yield was at 0.89%, up one basis point.


Oil prices extended a tentative rebound from a price collapse this week that pushed U.S. crude futures into negative for the first time ever, but investors remain concerned about weak energy demand and excess supplies of crude.

  • West Texas Intermediate crude rose 7.9% to $17.79 a barrel.
  • Gold fell 0.3% to $1,724.88 an ounce.

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