Asia Futures Heed U.S. Stock Jump on Economy as Oil Falls

Asian equity futures from Japan to Australia rose, tracking a rebound in U.S. stocks after better-than-estimated data bolstered the outlook for the world’s largest economy and concern over China’s cash crunch eased. Crude fell the first day this week.

Futures due in September on Japan’s Nikkei 225 Stock Average closed up 1.2 percent in Chicago and added 1.6 percent by 3 a.m. in Osaka, while contracts on Hong Kong’s Hang Seng Index gained 1 percent. S&P/ASX 200 Index futures climbed 0.6 percent in Sydney. Standard & Poor’s 500 Index futures were little changed by 7:36 a.m. in Tokyo, after the gauge rose 1 percent in New York, cutting June 24’s 1.2 percent slump. The dollar gained against other major currencies including the yen. Copper futures retreated.