16 September 2008
Stock prices in Asia have plunged as turmoil in the U.S. financial sector continues to ripple across world markets.
Tokyo's Nikkei index closed down nearly five percent Tuesday, while Hong Kong markets were down nearly six percent in afternoon trading on news of Monday's major shakeup in the U.S. financial sector.
A woman walks past a display showing stock prices in Hong Kong, 16 Sep 2008
The bankruptcy of a major U.S. investment bank and other problems in the U.S. financial sector shook stock markets around the world Monday.
On Monday, some major European stock indexes plunged five percent at one point, while a key U.S. share index - the S&P 500 - was off by 4.7 percent at the close of trading.
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