Hong Kong - Hong Kong share prices plunged 6.1 per cent at the opening of trading Tuesday as the collapse of US investment bank Lehman Brothers sent global markets into freefall.
By 10:30 am the Hang Seng Index was down 6.4 per cent at 18,098 - almost 14,000 lower than its peak of just below 32,000 points in late October last year.
Earlier Tuesday, Hong Kong financial secretary John Tsang urged the public not to panic after 158-year-old Lehman Brothers filed for bankruptcy in the United States.
Singapore - Singapore stock
Washington - After the worst episode yet in a devastating, year-long credit crisis plaguing the United States, the question on some analysts' minds was whether the world's largest economy was in danger of losing its dominant grip on global finance.
Washington - As a mammoth bankruptcy and a surprise takeover shook the US financial industry, two Wall Street stalwarts were under pressure from the federal government to help bail out yet another major firm.
Tokyo - Tokyo stocks were down sharply early Tuesday in the first trading in the Japanese market since the latest Wall Street banking crisis, including the collapse of investment bank Lehman Brothers and the struggles of insurance giant AIG.
Wellington - The New Zealand stock market - the first in the world to start trading every day - fell nearly 3 per cent Tuesday morning in the wake of slumps on Wall Street and in London amid the deepening US financial crisis.
