Stock futures fell in overnight trading on Sunday (Eastern Time), pointing to more losses ahead, as investors grapple with signs of a second wave of coronavirus cases amid the reopening economy.

Futures on the Dow Jones Industrial Average dropped about 350 points. The S&P 500 and Nasdaq 100 futures were also down 1.5% and 1.2%, respectively. The overnight action in futures markets followed a big pullback last week triggered by rising fears of a resurgence in the virus as well as investors’ profit-taking after the massive comeback.

The Dow and S&P 500 lost 5.5% and 4.7% last week, respectively, while the Nasdaq shed 2.3%. All three major equity benchmarks suffered their worst week since March 20.

Australia will spend another A$1.5 billion (S$1.43 billion) on infrastructure and fast-track approval for projects including the expansion of BHP Group's Olympic Dam in a bid to stimulate its ailing economy, Prime Minister Scott Morrison will say on Monday.

State investigators in both California and Washington are examining Amazon's business practices, two newspapers reported, citing people familiar with the matter.

Oil production in Venezuela, the country with the world's largest reserves of crude, has fallen to a 75-year low with US sanctions continuing to cripple the country's exports.

OEL (Holdings) said on Sunday that it has completed the acquisition of a 51 per cent stake in Shanghai Longjian Hospital Management through the company's wholly-owned subsidiary AJJ Health Care Management on June 11.

Low Keng Huat (Singapore) said in a regulatory filing on Sunday that it will be able to withstand short-term cash flow pressures due to the Covid-19 pandemic on the back of its liquidity and support from banks.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR