GLOBAL MARKETS-U.S. stock futures extend losses as Trump tests positive for COVID-19

* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* Traders await results of Trump's coronavirus test
* Tokyo bourse reopens after trading halt on Thursday
* China, South Korea and Hong Kong markets shut for holiday

By Stanley White and Pete Schroeder
TOKYO/WASHINGTON, Oct 2 (Reuters) - U.S. stock futures
extended losses on Friday after President Donald Trump said he
and his wife had tested positive for the coronavirus, weeks
ahead of elections.
Futures for the S&P 500 EScv1 slid 1.21% by early
afternoon in Asia, while Treasury yields also fell. The U.S. dollar rose, particularly against the British
pound, the Australian and New Zealand dollars in a sign of risk
aversion.
Trump earlier 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.
He later tweeted he and the first lady had tested positive:
"We will begin our quarantine and recovery process immediately,"
he said.
Trump's positive could cause a new wave of market volatility
as investors brace for the hotly-contested presidential election
in November.
"It has the potential to reduce Trump's campaigning ability.
He's got a lot on and it's an interruption," said Sean Callow,
currency strategist at Westpac in Sydney.
"It also hurts him as far as the whole narrative that it's
really not much to worry about - it puts the COVID crisis itself
back front and centre."
MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.27%. Australia's S&P/ASX 200 index
.AXJO fell 0.98% as a decline in oil and copper prices weighed
on the country's resources sector.
Japan's Nikkei 225 index .N225 erased gains and fell 0.69%
as the Tokyo Stock Exchange resumed normal trading after its
worst-ever outage brought the world's third-largest equity
market to a standstill. Euro Stoxx 50 futures STXEc1 were up 0.06%, German DAX
futures FDXc1 rose 0.03%, but FTSE futures FFIc1 were down
by 1.02%.
Markets had been choppy early after 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 fell 1.7%. The
benchmark 10-year Treasury yield fell to 0.6545%.
China's stock and bond markets, foreign exchange and
commodity futures markets are closed Oct. 1-8 for the Golden
Week holiday. South Korea and Hong Kong markets are also closed
on Friday for holidays.
U.S. markets kicked off the fourth quarter by closing higher
on Thursday while investors tracked progress in negotiations for
additional fiscal stimulus.
The Dow Jones Industrial Average .DJI rose 0.13% on
Thursday. The S&P 500 .SPX gained 0.53% and the Nasdaq
Composite .IXIC added 1.42%. U.S. consumer spending is starting to slow due to a shaky
jobs market. If policymakers cannot agree on more support, the
U.S. economy could lose more momentum. Traders are also waiting for the Labor Department's report
on non-farm payrolls and the jobless rate later Friday,
following new layoff announcements from the likes of Disney
DIS.N and Goldman Sachs GS.N . The dollar index =USD jumped 0.3% on risk aversion.
Spot gold XAU= fell 0.55% to $1,894.60 an ounce, adding to
its worst month since November 2016, while oil prices continued
to fall, adding to a 10% September drop.
Brent crude futures LCOc1 were trading down 0.93% at
$40.54 a barrel on Friday, while U.S. crude futures CLc1 were
down 0.98% at $38.34 a barrel.
Oil prices fell more than 3% on Thursday as rising
coronavirus cases around the world dampened the demand outlook,
while a rise last month in member output from the Organization
of the Petroleum Exporting Countries also pressured prices.
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