Mumbai, Sept 16: Shares of top outsourcing firms, which earn a key part of their revenues from the U. S. banking and financial services sector, continued to fall sharply on Tuesday.

Nifty, the benchmark of the National Stock Exchange (NSE), fell by 102 points to 3970.80, a slump of 2.51 per cent. And the Bombay Stock Exchange (BSE) benchmark Sensex slumped to 13,058 from Monday’s close, shedding 472.81 points.

Taipei - Taiwan's stockmarket tumbled 4.89 per cent on Tuesday, falling below the key 6,000 level for the first time since November 2005, amid a sharply bearish sentiment brought on by US financial woes, dealers said.

The Weighted Price Index of the Taiwan Stock Exchange opened down 5.03 per cent and continued to tumble until after the government stepped in to ease the sliding trend. In the end, the local index lost 295.86 points or 4.89 per cent to close at 5,756.59, dealers said.

Manila - Philippine shares plunged more than 4 per cent for the second straight day on Tuesday following a meltdown in Wall Street amid concerns over the US financial system.

The Philippine Stock Exchange's 30-share composite index lost 114.44 points, or 4.51 per cent, to close at 2,421.72 from Monday's finish of 2,536.16.

On Monday, stocks fell by 4.15 per cent.

A total of 1.76 billion shares valued 2.56 billion pesos (54.00 million dollars) were traded on Tuesday.

New Delhi - Indian shares dipped sharply for a second day Tuesday following global cues.

The Bombay Stock Exchange's 30-share Sensex was trading 2.5 per cent lower than Monday's close about two hours after opening while the broader 50-share Nifty of the National Stock Exchange registered a 2.6 per cent dip.

Analysts predicted the upheaval in global markets due to the continued credit crisis in the United States, with events like bankruptcy of investment bank Lehman Brothers, would bring further turmoil in the Indian share market.

Hanoi - Vietnam's VN-Index fell 20.8 points Tuesday to close down 4.38 per cent at 455.95, as traders reacted to the collapse of two US investment banks, the threat to international insurance titan AIG Group and falling exchanges elsewhere in the world.

The Ho Chi Minh City exchange had bucked world trends Monday, rising very slightly while markets across the rest of Asia dropped sharply.

On Tuesday the market rejoined the rest of the world, as investors worried about the effects of turmoil in the economy of the United States, Vietnam's largest export customer.

"It's proof that Vietnam is not totally uncorrelated, at least in terms of sentiment," said Dominic Scriven of Vietnam-based portfolio investor Dragon Capital.

Singapore - Singapore stock