Asian markets fall on concerns that trouble is increasing

10/6/2008 | MarketWatch

Asian indexes declined sharply today as investors worried that the financial crisis is worsening. Tokyo's Nikkei 225 Average tumbled 4.7%, while the broader Topix plunged 4.9%, dropping below the psychologically important 1,000-point level for the first time in nearly five years. The Shanghai Composite fell 3.5%, the Hang Seng Index in Hong Kong dropped 3.6% and the Hang Seng China Enterprises Index lost 5%. Australia's S&P/ASX 200 declined 3%, South Korea's Kospi shed 3.9% and New Zealand's NZX 50 index fell 3.3%.

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