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Asian markets continue plunge - CNN.com

HONG KONG, China (CNN) -- Japan's Nikkei index plunged below 13,000 for the first time in more than two years Tuesday as global markets tumbled on fears that a U.S. economic slowdown will lead to a global recession.

Tokyo investors are worried about how a possible U.S. recession could hurt exporters' profits.

After dropping more than 3 percent on Monday, the Nikkei fell nearly 5 percent on opening Tuesday. Across the Korea Strait in South Korea, Seoul's KRX 100 index was down about 4 percent.

Hong Kong's Hang Seng index, which fell 5.5 percent on Monday -- its largest percentage drop since the September 2001 terrorist attacks on the United States -- fell another 5 percent in opening trading on Tuesday.

Shares in India's Sensex fell nearly 11 percent -- a four-month low -- on Monday.

The Australian Securities Exchange was down nearly 5 percent, and the Singapore stock exchange was down about 3.7 percent in early trading.

Europe's main three indices, the FT-100 in London, the CAC 40 in Paris and the DAX in Frankfurt fell between 5 and 7 percent on Monda

by Fran on Mon Jan 21st, 2008 at 11:16:12 PM EST
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Tokyo just closed at -752.89 or -5.7%.

I am beginning to enjoy watching clever American and Brit bankers panic. Even talks are the same; e.g., "soft landing v. hard landing" is exactly what we tirelessly debated 15 years ago.

When you feel that the market hit the bottom and can't go any further down, it will plunge again, and again and....

I will become a patissier, God willing.

by tuasfait on Tue Jan 22nd, 2008 at 01:32:17 AM EST
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Hong Kong is down 9 % now.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Jan 22nd, 2008 at 01:40:08 AM EST
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I heard two different idiots on French public radio this morning suggest it was a good time to buy "to the sound of cannon".
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jan 22nd, 2008 at 02:10:25 AM EST
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or when blood splashes over the walls?
by Xavier in Paris on Tue Jan 22nd, 2008 at 02:38:47 AM EST
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I thought that noise was the thud of brokers impacting upon pavement.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Tue Jan 22nd, 2008 at 04:10:20 AM EST
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Humor is getting a bit grim around here but I love it!

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Jan 22nd, 2008 at 01:51:11 PM EST
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Ah-ha, speculators have black monday.
by FarEasterner on Tue Jan 22nd, 2008 at 08:01:14 AM EST
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