Global shares have fallen with analysts blaming mounting concerns about the health of the US economy and its impact on the rest of the world.
A sell-off in Asia hit Hong Kong's Hang Seng index which fell 4%, while Japan's Nikkei index lost 2% and Chinese shares fell by 3%.
London's FTSE 100 Markets slide on inflation fears ...
Oil eases but price unrest grows ...
Ten Detained in Europe for Uzbek Terror Ties ...
Dalai Lama critical of Chinese "suppression" ...
Chinese leader mending fences in Japan ...
President Hu voices hope ahead of Tibet talks ... lost 1%.
There are concerns about slowing growth denting company earnings.
Meanwhile, US attempts to bail out its two largest mortgage lenders have left investors even more anxious.
The government-backed rescue of Freddie Mac and Fanny Mae - in the aftermath of the collapse of another lender IndyMac - had initially been well received but analysts say optimism appears to have faded.
(BBC)
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