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 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 Key US mortgage lender goes bust ...
German Stock Index DAX Turns 20 ...
Inflation dangers 'threaten Asia' ...
Dalai Lama critical of Chinese "suppression" ...
HSBC in new sub-prime write-off ... IndyMac - had initially been well received but analysts say optimism appears to have faded.
(BBC)
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