By Stanley White and Pete Schroeder
TOKYO/WASHINGTON, Oct 2 (Reuters) – U.S. stock futures dipped on Friday after President Donald Trump said he and his wife will quarantine after a close aide tested positive for the coronavirus.
Futures for the S&P 500 ESc1 fell 0.39% in Asian trading after the nwes, extending earlier losses, while Treasury yields remained broadly unchanged.
The U.S. dollar held steady against most currencies, but it rose against the Australian and New Zealand dollars in a sign of risk aversion.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.15%. Australia’s S&P/ASX 200 index .AXJO fell 0.68% as a decline in oil and copper prices weighed on the resources sector.
Japan’s Nikkei 225 index .N225 was up 0.15% after the Tokyo Stock Exchange (TSE) resumed normal trading after its worst-ever outage brought the world’s third-largest equity market to a standstill.
Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently traveled with the president, tested positive.
If Trump also tested positive, that could cause a new wave of market volatility as investors brace for a hotly-contested presidential election in November.
“It depends on how serious this becomes, and whether or not Trump is actually infected,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management.
“The most important thing is we were already worried about an uncertain outcome from the election, and this adds to the uncertainty.”
In addition, a spate of data, including jobless claims and consumer spending, suggested that the plodding U.S. economic recovery could be losing steam.
Futures for the tech-heavy Nasdaq NQc1 also fell 0.4% in Asian trading. The benchmark 10-year Treasury yield was little changed at 0.6709%.
There was a brief jump in trading volumes