US Futures Rebound as Trump Softens China Rhetoric: Markets Wrap

US futures jumped in early Asia trading as President Donald Trump signaled openness to a deal with China after a sharp escalation in trade tensions hammered stocks on Friday.

S&P 500 contracts climbed more than 1%. The benchmark slumped 2.7% on Friday, its biggest loss in six months, as Trump threatened further tariffs in response to Chinese export controls. Equity futures for Australia and Hong Kong fell, while Japan’s markets are closed for a holiday. Oil jumped more than 1% following two days of losses.