Nikkei drops 5 pct, posts worst month ever

Newswire

(Updates with comment, stocks)

By Aiko Hayashi

TOKYO, Oct 31 (Reuters) - The Nikkei average slid 5 percent on Friday, capping its worst month ever, as investors dumped stocks at the last minute on caution before a three-day weekend, with little impact felt from a rate cut by the Bank of Japan.

The benchmark ended the month of October down 24 percent, its biggest monthly fall in its 58-year history as fears over a global recession battered investor willingness to ...

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