The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.Most Asian equities fell on the back of poor US economic data. In Japan, the Nikkei 225 slipped over 1% after several companies posted weak results and as the yen strengthened versus the dollar amid global growth concerns. Markets in Singapore, Malaysia and Indonesia are closed on account of a holiday. European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday. In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.However, the Nasdaq Composite Index settled 0.4% higher on Thursday ahead of earnings by Apple, Amazon, Facebook and Google parent Alphabet.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.