Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for further government stimulus were offset by stark economic data showing the toll of the coronavirus pandemic.
Australia's S&P/ASX 200 futures were up 0.23per cent and Hong Kong's Hang Seng index futures rose 0.2per cent.Advertisement Sensitivity to news related to coronavirus therapies reflects investors' desperation for any indication of when the global economy might be able to start returning to normal, said chief investment strategist at Inverness Counsel, Tim Ghriskey.
President Donald Trump, who has said he will sign the bill, said late Thursday that he may need to extend social distancing guidelines to early summer. The Dow Jones Industrial Average rose 39.44 points, or 0.17per cent, to 23,515.26, the S&P 500 lost 1.51 points, or 0.05per cent, to 2,797.8 and the Nasdaq Composite dropped 0.63 points, or 0.01per cent, to 8,494.75.
Meanwhile, in a virtual meeting, divided European Union leaders began their search on Thursday for a joint financial fund of up to 2 trillion euros to help recover from the coronavirus pandemic and avoid economic collapse in the bloc's poorer south.
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