U.S. stock futures tumble on report of no progress in Sino-U.S. talks

U.S. stock futures tumbled and the safe haven yen and the Swiss franc gained in early Asian trade on Thursday after a media report that the United States and China had made no progress in deputy-level trade talks earlier in the week. The South China Morning Post also said the Chinese delegation, headed by Vice Premier Liu He, is planning to leave Washington on Thursday after just one day of minister-level meetings, instead of an originally planned departure set for Friday. In the currency market, the yen advanced 0.3% to 107.11 to the dollar while the Swiss franc also gained 0.3% to 0.9929 franc per dollar.

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