Asia: Worries about Indonesia deepened and talk of a debt moratorium pushed many Asian stock markets lower. Singapore, considered a safe haven until now, saw its stocks plunge 7.43 percent. Hong Kong's Hang Seng dropped 359.89 points, or 3.89 percent; Tokyo's Nikkei ended down 24.08 points at 14,955.10. Europe: Stocks in Europe were also dragged lower by worries about Asia's financial woes. London's FTSE was down 1.6 percent and Frankfurt's DAX fell 2.5 percent. Americas: Traders continued to blame Asia for falling stocks, with the Dow down 153.20, or 1.94 percent, to 7,649.92 and the Nasdaq down 41.92, or 2.69 percent, to 1,513.62.
Markets Update
Asia: Worries about Indonesia deepened and talk of a debt moratorium pushed many Asian stock markets lower. Singapore, considered a safe haven until now, saw its stocks plunge 7.43 percent. Hong Kong's Hang Seng dropped 359.89 points, or 3.89 percent; Tokyo's Nikkei ended down 24.08 points at 14,955.10. Europe: Stocks in Europe were also dragged lower by worries about Asia's financial woes. London's FTSE was down 1.6 percent and Frankfurt's DAX fell 2.5 percent. Americas: Traders continued to blame Asia for falling stocks, with the Dow down 153.20, or 1.94 percent, to 7,649.92 and the Nasdaq down 41.92, or 2.69 percent, to 1,513.62.
