Share prices tumbled in Asia again today amid fears of a US recession and a braking global economy, reports MarketWatch. The key Nikkei 225 Stock Average plummeted 10%, the Hang Seng Index dropped 7.6%, and the China Enterprises Index lost 9.9%. The MSCI Asian Pacific Index—set for its biggest drop in history—plunged 7.8%, and Australia's S&P/ASX 200 index slid 6.9%.
"We're having a U-turn in perception,'' said a top analyst. "While remedial measures taken globally have been sufficient to arrest the financial crisis, concerns have quickly shifted to the economy."