Markets in Asia were troubled by rising oil and concerns that the global economy is getting into more trouble as each week passes.

The Shanghai Composite fell 6.5% to 2,749.

In Hong Kong, the Hang Seng fell 2.2% to 22,807. China Life (NYSE: LFC) dropped 3.1% to 28.3 yuan. China Petroluem (NYSE: SNP) fell 3% to 8.07.

In Tokyo, the Nikkei dropped 2.2% to 14,130. Mazda fell 5.5% to 568 yen. Toyota (NYSE: TM) dropped 3.2% to 5490 on concerns that its truck sales were falling in the US.

Data from Reuters.

Douglas A. McIntyre is an editor at 24/7 Wall St.