mo4ch:>Asia falls, US futures hit limit down as $1.8 trillion coronavirus relief bill fails to clear Senate hurdle | Mo4ch News

American stock futures fell sharply during Asian trading hours, to around the limit down levels, as talks over a massive $1 trillion+ emergency rescue package for the coronavirus-stricken US economy reached a stalemate.Dow Jones and E-Mini S&P 500 futures crashed around 5 per cent on Asia opening, before bouncing back slightly, but continued to trade around the limits, threatening a chaotic opening for American markets unless a deal is reached in the US Senate.Meanwhile, South Korea's Kospi dropped 5 per cent, Singapore’s Singapore FTSE/STI and Australia's S&P/ASX 200 both crashed over 7 per cent – while India's India's Sensex hit 10% circuit breaker.Hong Kong's HSI fell 4% while mainland China's Shanghai Composite was losing around 2%. Amid the global pessimism, only Japan’s Nikkei was in the green around 2 per cent.Amid an ongoing partisan battle in the US Senate, disgruntled Majority Leader Mitch McConnell announced that without a deal he would hold …