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Huge drop in Asian markets

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Asian markets fell sharply overnight.

The Nikkei fell 9.6% to 7,649, lead by Sony (NYSE: SNE) which cut forecasts. The Hang Seng fell 6.1% to 12,919. And, the Shanghai Composite moved down. 1.9% to 1,840.

Just after the open in Europe, the FTSE was off 4% to 3,926. The Dax was down 5.3% to 4,280. The CAC 40 was down 5% to 3,146.

Data from Reuters.

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

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Last updated: November 24, 2009: 07:56 AM

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