Global and U.S. stock index futures were mixed on Monday as risk aversion returned to Wall Street. China led the pack, with Hong Kong's Hang Seng index futures rising 302 points to 22,630 at 5:00 a.m. EST. Mexican Bolsa index futures also gained, climbing 501 points to 33,904.
U.S. index futures fared more poorly, with Dow Jones Industrial Average index futures dropping 22 points to 10,746 at 9:14 a.m. EST.
S&P 500 index futures dropped 3.2 points to 1,139.30, while Nasdaq 100 index futures lost 6.5 points to 1,988.
European equities were mixed, with the DJ Euro Stoxx 50 index futures dropping 14 points to 2,704 and the FTSE 100 index futures climbing 7 points to 5,655.
Some Wall Street analysts and economists now see evidence to support the thesis known as "decoupling" – the idea that emerging markets can sustain their own economic growth even as the U.S. struggles with its imploded housing market.
"It seems that recent economic data help to confirm the story of emerging-markets outperformance," David Lubin, the chief economist for emerging markets at Citigroup's London unit, told Bloomberg News.
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