Asian Markets Tumble

Stock exchanges across Asia dropped sharply Monday after Friday's dismal U.S. employment report showing no new jobs were added in August. Japan's Nikkei index fell nearly 2 percent — with markets in South Korea, Hong Kong and Shanghai also posting major losses. Investors remain concerned by the possibility of another recession in the U.S., where markets are closed Monday for Labor Day.

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STEVE INSKEEP, host:

NPR's business news starts with Asian markets down.

(Soundbite of music)

INSKEEP: Stock exchanges across Asia dropped sharply today after Friday's dismal U.S. jobs report. The report showed no new jobs were added in August.

Japan's Nikkei Index fell by nearly two percent, with markets in South Korea, Hong Kong and Shanghai also posting significant losses. Investors remain concerned about the possibility of a recession in the United States, where markets are closed on this holiday.

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