Shortly after the Dow Jones Industrial Average sank 5.11% at closing, S. Korean shares opened 3.1% lower, and Japanese Nikkei index dropped below 10,000, and Hong Kong opened with a 5.1% drop.
Japanese stocks fell 3.45 percent within 30 minutes after the opening bell on Wednesday after another big fall on Wall Street overnight.
The Tokyo Stock Exchange's benchmark Nikkei-225 index dropped 350.15 points or 3.45 percent to 9,805.75, below the key 10,000 level.
The broader Topix index of all first section shares fell 29.27 points, or 2.99 percent, to 948.34.
The massive sell-off came after The Dow Jones Industrial Average sank 508.39 points (5.11) percent to a five-year closing low of 9,447.11 following a 369-point slide Monday.
Date created : 2008-10-08