ASX set for another large drop after Wall Street enters correction with Friday fall — live updates

The ASX futures are pointing to a slide around 1 per cent, after Wall Street's benchmark index fell into correction territory on Friday.

Follow the day's financial news and insights from our specialist business reporters on our live blog.ASX set for another pretty big drop after S&P 500 enters correction The mood on markets is still pretty fragile, although investors are still receptive to positive news.pushing it down into correction territory, which is when prices are off at least 10% from their most recent peak.

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