Asian shares skid after S&P 500 logs 1st monthly drop of ’21

Asian shares skid after S&P 500 logs 1st monthly drop of ’21

By ELAINE KURTENBACH
Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic.
Tokyo skidded 2% and Australia’s benchmark sank 2.3%. Markets in Shanghai and Hong Kong were closed for holidays.
The S&P 500 ended September down 4.8%, its first monthly drop since January and the biggest since March 2020.
After climbing steadily for much of the…

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