Japanese stocks sank while other global markets and U.S. futures gained Monday after Japan reported a record economic contraction amid the coronavirus pandemic, AP reported. The Nikkei 225 in Tokyo fell 0.8% to 23,096.75 after data showed the world's third-largest economy shrank 27.8% from a year earlier in the three months ending in June. In early trading, the FTSE 100 in London gained 0.1% to 6,097.97. The DAX in Frankfurt was up 0.1% at 12,913.62 and France's CAC 40 added less than 0.1% to 4,964.88. On Wall Street, futures for the benchmark S&P 500 Index and for the Dow Jones Industrial Average were up 0.3%. The S&P 500 ended last week little changed. The index declined less than 0.1% while the Dow gained 0.1%. The The Nasdaq composite dipped 0.2%. In Asia, the Shanghai Composite Index rose 2.3% to 3,436.80 and Hong Kong's Hang Seng gained 0.7% to 25,347.34. South Korean markets were closed for a holiday. The S&P-ASX 200 in Sydney shed 0.8% to 6,076.40 while India's Sensex advanced 0.3% to 37,994.08. New Zealand advanced while Singapore and Bangkok declined. Bangkok's main index lost 0.5% after Thailand reported its economy shrank 12.2% from a year earlier in the quarter ending in June. That was its worst performance since 1998 during the Asian financial crisis. In energy markets, benchmark U.S. crude gained 20 cents to $42.21 per barrel in electronic trading on the New York Mercantile Exchange. The contract slipped 23 cents on Friday to settle at $42.01. Brent crude, the standard for international oil prices, added 17 cents to $44.97 per barrel in London. The dollar declined to 106.47 yen from Friday's 106.59 yen. The euro gained to $1.1835 from $1.1843.
