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Asian Stocks Plunge on Credit Concern; Nikkei Average Tumbles

Oct. 8 (Bloomberg) -- Asian stocks tumbled, driving the Nikkei 225 Stock Average to its biggest drop since October 1987, on concern the credit crisis will topple more banks and slowing growth will cut demand for exports. Asian Stocks Plunge on Credit Concern; Nikkei Average Tumbles

Global rate cuts lift Europe shares from abyss

LONDON (Reuters) - European shares were down only slightly by midday on Wednesday after a dramatic coordinated rate cut by the world''''s top central banks lifted stocks from five-year lows hit early in the day. Global rate cuts lift Europe shares from abyss

India's Sensex Drops; Tata Consultancy, Software Exporters Fall

Oct. 8 (Bloomberg) -- Indian stocks fell, with the benchmark Sensitive Index at a two-year low, on concern the credit crisis will topple more banks and slow global growth. India''''s Sensex Drops; Tata Consultancy, Software Exporters Fall

Hong Kong stocks tumble 8.17% amid deepening global financial turmoil

HONG KONG, Oct. 8 (Xinhua) -- Hong Kong stocks shed 1,372.03 points, or 8.17 percent, to close at 15,431.73 on Wednesday amid the worsening global financial turmoil, ignoring United States and British boost measures. Hong Kong stocks tumble 8.17% amid deepening global financial turmoil

China's Stocks Drop for Third Day; ICBC, Construction Bank Fall

Oct. 8 (Bloomberg) -- China''''s stocks fell for a third day, led by financial companies, on concern more banks will fail worldwide as the credit crisis deepens and global economic growth slows. China''''s Stocks Drop for Third Day; ICBC, Construction Bank Fall

Asian Stocks Plunge on Credit Concern; Nikkei Average Tumbles

Oct. 8 (Bloomberg) -- Asian stocks tumbled, driving the Nikkei 225 Stock Average to its biggest drop since October 1987, and U.S. futures fell on concern the credit crisis will topple more banks and slowing growth will cut demand for exports. Asian Stocks Plunge on Credit Concern; Nikkei Average Tumbles

Australia's S&P/ASX 200 Drops, Extending 3-year Low; Banks Fall

Oct. 8 (Bloomberg) -- Australia''''s benchmark stock index slumped the most in nine months, extending a 3-year low, as banks and resources companies tumbled on concern the deepening credit crisis will further slow global economic growth. Australia''''s S&P/ASX 200 Drops, Extending 3-year Low; Banks Fall

Japan's Nikkei 225 Records 3rd Biggest Drop; $250 Billion Lost

Oct. 8 (Bloomberg) -- Japan''''s shares plunged as the accelerating credit crisis prompted investors to unload stock holdings. The benchmark Nikkei 225 Stock Average posted its third-largest decline on record, erasing more than $250 billion in equity value. Japan''''s Nikkei 225 Records 3rd Biggest Drop; $250 Billion Lost

LATIN AMERICAN MARKETS Stocks, currencies hit as financial crisis spreads

LOS ANGELES (MarketWatch) -- A global rout in equities, including Brazil''''s 15% intraday slide, left Latin America''''s benchmarks at multiyear lows and the nerves of investors frayed at the end of trading Monday, with the sell-off blamed on the deepening global financial crisis. LATIN AMERICAN MARKETS Stocks, currencies hit as financial crisis spreads

ADR Report-Banks lead ADRs lower as credit worries mount

NEW YORK, Oct 7 (Reuters) - Overseas shares traded in the United States fell on Tuesday as the latest move by the Federal Reserve to shore up the U.S. financial system failed to temper concerns about the widening credit crisis. ADR Report-Banks lead ADRs lower as credit worries mount