Markets is Asia were mostly lower.

The Nikkei dropped 6% to 10.297. Mitsubishi UFJ (NYSE:MTU) fell and Honda (NYSE:HMC) rose.

The Hang Seng was down 1% to 22,098. China Mobile (NYSE:CHL) fell.

The Shanghai Composite fell .6% to 3,951.

At the open in Europe, the FTSE fell 1.4% to 5,164. The Dax was off 1.6% to 5,741. The CAC 40 fell 1.5% to 3,816. Ericsson (NASDAQ:ERIC) fell on poor earnings.

Data from Reuters and MarketWatch.

Douglas A. McIntyre