>Overseas Markets in trouble this morning: Nikkei dives 9.4 percent, biggest 1-day fall since ’87

>The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares…

…Panic over the fast-spreading financial crisis dragged down markets across Asia, with Japanese steelmakers such as Nippon Steel Corp (5401.T) sliding, as the Nikkei set another five-year closing low. It has lost 19 percent in the past five days.

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Filed under Financial crisis, stock markets, the Nikki, Yahoo News

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