Foreign Exchanges Slide After Dow's Drop Sharp declines in U.S. financial markets continued Friday in Asia and Europe. Asian stock markets were down, with Japan's Nikkei losing and Hong Kong's main index losing more than 2 percent. Losses were even heavier in South Korea and Taiwan.
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Foreign Exchanges Slide After Dow's Drop

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Foreign Exchanges Slide After Dow's Drop

Foreign Exchanges Slide After Dow's Drop

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RENEE MONTAGNE, host:

Our business news starts with U.S. market anxiety spreading to Asia and Europe.

Asia's major stock indexes were down sharply today. Japan's Nikkei fell 2.3 percent. Hong Kong's main index fell a similar amount, and the losses were even larger in South Korea and Taiwan.

All this on worries that a credit squeeze in the U.S. might spread and hurt the global economy.

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