Don't panic people. Everything is under "control".
Asian markets continue plunge
# Stock markets in Asia plummet Tuesday, following Monday's slide
# Fall caused by skepticism about Bush plan to bolster U.S. economy with tax breaks
# Investors nervously watch for other Asian markets to open
HONG KONG, China (CNN) -- Hong Kong's Hang Seng index fell 8 percent in early afternoon trading 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.
Japan's Nikkei index plunged below 13,000 for the first time in more than two years, down 4.5% in afternoon trading.
South Korea's Korea Composite Stock Price Index fell 90.03 points, or 5.4 percent, to 1,592.63.
Australia's benchmark S&P index was down 6 percent.
The Singapore stock exchange was down 4.5 percent, and Taiwan's benchmark Taiex was down 6.6%.
Trading was halted in Indian markets Tuesday as shares plunged on opening, with the benchmark index falling 9.5 percent. Shares in India's Sensex
fell nearly 11 percent -- a four-month low -- on Monday.
Stupid Bush speech from Friday caused panic.
The horror continue this morning in Europe - FTSE:
London's shares continued their tumble soon after opening with a 196.4 point drop taking the FTSE 100 down 3.5% - Monday's meltdown saw more than
£70bn wiped off the value of blue chip shares.
German state TV ZDF:
Börsensturz in Indien, Japan, China und Australien
- Market crash in India, Japan, China and Australia