European, Asian markets slide on banking worries
Overnight, Asian markets dropped and the big European markets plummeting just minutes after opening. The drops were widely expected following a weekend where European leaders met to stem the growing, global financial crisis. Here is what happened in Asia last night.
Key shares indexes lost 3% or more - with European markets also forecast to see heavy losses.
Japan's Nikkei index fell 4.2% while Hong Kong's Hang Seng index slid 3.4%. Markets in mainland China, Australia, South and India also fell sharply.
The falls came in the first trading session since the US approved a $700bn bank bail-out.