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Stock futures extend gains on GM bankruptcy details

HONG KONG
Sun May 31, 2009 11:08pm EDT

HONG KONG (Reuters) - Stock futures added to gains while Treasury futures extended declines on Monday after details emerged about a bankruptcy filing by General Motors Corp GM.N expected later on Monday.

Asian Markets

S&P 500 futures were up 0.6 percent, extending earlier gains made after a Chinese manufacturing index reflected a third consecutive month of expansion.

The 10-year U.S. Treasury future was down 0.3 percent.

General Motors Corp GM.N will file for bankruptcy protection before financial markets open Monday morning, sources with direct knowledge of the preparations said.

(Editing by Kim Coghill)
Asian Markets


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