Markets in Asia were sharply lower.
The Nikkei dropped 9.6% to 7,649. Sony (SNE) fell after warning on earnings. Honda (HMC) and Toyota (TM) were both down over 5%.
The Hang Seng dropped 7.2% to 12,722. HSBC (HBC) was off over 6%.
The Shanghai Composite fell 1.9% to 1,840.
At the open in Europe, the FTSE was off 3.3% to 3,954. The DAX dropped 5.5% to 4,271. The CAC 50 was down 4.9% to 3,148.
Data from Reuters.
Douglas A. McIntyre