Dubai Fallout Sends Stock Markets Lower International stock markets are down Friday. Asian stock markets plummeted nearly 5 percent as fears mount over the fallout from Dubai's massive debt problems. Investors have cut back their riskier bets on equities and commodities.

Dubai Fallout Sends Stock Markets Lower

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NPR's business news starts with the slide in world markets today.


INSKEEP: Major Asian stock indexes were down much more sharply. In Hong Kong and South Korea, they were off nearly 5 percent. European stocks took a big hit before appearing to stabilize. Investors are concerned that banks may not be repaid for big loans they made to Dubai.

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