World Stocks Crash Again

Nikkei dives to 1982 levels, Hang Seng plummets 12%
By Jason Farago,  Newser Staff
Posted Oct 27, 2008 5:26 AM CDT
Hong Kong's Hang Seng Index tumbled 12.7% to 11,015.84, its lowest close in more than four years.   (AP Photo/Vincent Yu)
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(Newser) – Japanese stocks hit a 26-year low as markets in Asia and Europe plunged again amid tenacious fears of a prolonged global recession. The Nikkei fell 6.4% and Hong Kong's Hang Seng index dropped a staggering 12%—its biggest single-day tumble since 1997. In London the FTSE opened down more than 5% this morning, and the pound dropped another 6 cents against the dollar.