Asia Stocks Drop With U.S. Futures as Rally Caves: Markets Wrap

Shares extended declines in Japan, Australia and South Korea and futures in China and Hong Kong pointed to a lower start for stocks there. Futures on the S&P 500 Index sank after the U.S. equity gauge finished Thursday little changed. Chinese importers resumed buying U.S. soybeans and Beijing reiterated that its officials were in close contact with Washington counterparts on negotiating details of a broader deal.

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