Asian markets have fallen again today and European markets were lower in early trading.
China's benchmark index plummeted 7.2 percent to its lowest point in six months on concerns that a recession in the U.S. would mean less demand for Chinese-made products.
Japan's Nikkei sank about 4 percent and Hong Kong's Hang Seng was down more than 4 percent.
Declines were more modest in India, where the Sensex index dropped 4 percent in the first 10 minutes of trading, then came back a bit. It was down about 1 percent at the close.
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