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Flash: Asian stocks fall sharply, Shanghai off almost 5%

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Asian stocks took a pounding. The Japanese Nikkei fell 2% and shares in Toyota Motor Corp (NYSE: TM) dropped 4.2%.

Hong Kong's Hang Seng dropped 3.2%. Shares of China Petroleum (NYSE: SNP) fell 8.1%.

The Shanghai Composite was off 4.9%.

Douglas A. McIntyre is an editor at 247wallst.com.

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DJIA+29.4010,463.11
NASDAQ+7.632,176.81
S&P 500+4.501,110.15

Last updated: November 25, 2009: 02:45 PM

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