ASX set to continue September slide; Wall St drops again
Summary
- SPI futures are down 0.6% and point to early losses for the ASX 200 on Monday
- Wall Street fell on Friday amid continued investor uncertainty. The S&P 500 hit a six-week low while the US tech giants again declined
- The local bourse has shed about 5% since closing at a post-pandemic peak on August 25. The ASX 200 is on track for its first monthly loss since March
- Victoria has recorded just 11 new virus cases, and two deaths, with Premier Daniel Andrews committing to updating the road map out of lockdown sooner than planned
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Good morning
Good morning all, and welcome to a fresh week with the Markets Live team. Your editor today is Alex Druce.
September hasn’t been kind to the local bourse, with the index down 3.2 per cent for the month and about 5 per cent off the post-pandemic peak hit at the end of August.
The slide is set to continue at Monday’s open after another weak Wall Street session on Friday.
This blog is not intended as financial advice.
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